Technical analysis by LeoBlackwood about Symbol PAXG: Buy recommendation (4/4/2025)

On Thursday, the price of gold plummeted by $110 initially. Subsequently, it rebounded from $3,054 to $3,135, surging by nearly $80. This was a typical market scenario of a double whammy for both bulls and bears in a washout. Whether it was those who chased long positions at high levels or those who chased short positions expecting a pullback, they all suffered losses. The level of $3,054 witnessed a perfect conversion from a top to a bottom.Today, when it comes to the resistance levels of gold, there are two key positions to focus on. One is the morning's high point at $3,120, and the other is the high point of the pullback at $3,135. As for the support levels below, we should pay attention to $3,080 and $3,065. There will be a market movement influenced by the Nonfarm Payrolls data tonight. It is expected that before the release of the data, the price will fluctuate within a range above and below $3,100, which serves as the demarcation line. When the price surges, look for a pullback towards $3,100; when it dips, look for a rebound towards $3,100. It is recommended to mainly take long positions at low levels. Tonight, we need to pay attention to whether the Nonfarm Payrolls data will help gold prices rise again.Here, I would like to caution all traders once again to protect their accounts. Wait until the washout of both bullish and bearish forces is over before resuming trading! Trading Strategy:buy@3080TP:3110Sell@3135TP:3100Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!