Technical analysis by KevinSterling about Symbol PAXG: Buy recommendation (3/18/2025)

XAUUSD enters a consolidation phase after strong growth, supported by the dollar's correction. The metal may test deeper support levels before attempting new highs.Gold is currently undergoing a correction but remains in an overall uptrend. The recent decline in prices may be seen as a buying opportunity, given economic uncertainty stemming from Trump's tariffs and expectations of a Fed rate cut.The Fed has reiterated its forecast for two rate cuts in 2025, despite Powell’s cautious comments. Additionally, gold remains supported by rising inflation risks and ongoing geopolitical tensions in the Middle East.Resistance levels: 3045, 3057Support levels: 3024 (trendline), 3004The response to support is weakening, even within the broader uptrend. Gold may continue consolidating until mid-next week or attempt to break out, potentially testing deeper support zones such as the uptrend line or the 3004 imbalance area—both of which could serve as a foundation for further growth.