Technical analysis by PRIMERONIN about Symbol PAXG: Buy recommendation (4/8/2025)

XAUUSDSince the beginning of the year, gold has been on an impressive uptrend, gaining over 5,000 pips and culminating in last week's all-time high (ATH) at 3,167. As I mentioned in last week's analysis, even though we are in a strong uptrend, the price has deviated too far from the mean, making a correction inevitable.✅ Friday Trade: After testing the resistance zone formed between 3,135 and 3,140, gold experienced a significant drop, closing the week 1,000 pips lower than its peak during Friday's session.📉 Recent Developments:** The correction continued yesterday, with gold recently touching a necessary confluence support around 2,950.📈 What's Next?I expect an upward movement and a resumption of the uptrend, with targets at: • The 3,050 zone 📌 • The 3,080 zone 📌 🎯 Plan: Buy dips near support, aiming for the mentioned targets. This analysis would be negated if there is a clear break below 2,950. 🚀