Technical analysis by LeoBlackwood about Symbol PAXG: Buy recommendation (4/7/2025)

In the early morning, gold opened and moved lower, continuing the downward trend from last Friday's Nonfarm Payrolls data. Due to the impact of tariffs, U.S. stocks plummeted, dragging down the price of gold. There was significant selling in the gold market at high levels, with funds flowing back into the stock market, causing the gold price to drop sharply.Today is the third trading day of the corrective market. Since the starting point of the upward trend at $2,583, there has been no situation where the corrective market closed bearishly for more than three consecutive trading days. After rebounding from the low today, there is a possibility that the correction may be completed in the short term. However, as the decline in this round was too large and too rapid, a buffering period is needed, and it is expected that the price will face fluctuations.In terms of trading operations, I suggest paying attention to the resistance level at $3,057. Short positions can be considered at this level. Regarding the support levels, focus on $3,000 and $2,970. After the price retraces to these levels, long positions can be taken depending on the situation. Trading Strategy:buy@2970-2980TP:3020Sell@3050-3060TP:3010Get 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!