Technical analysis by BenGray9 about Symbol PAXG: Buy recommendation (4/8/2025)

Fundamental analysis: The market anticipates that the Federal Reserve may cut interest rates in June, with a 57% probability of an interest rate cut in May. This has enhanced the attractiveness of gold as a non-yielding asset. The U.S. CPI and PPI data for March will be released this week. It is expected that the year-on-year growth rate of CPI will decline from 2.8% to 2.6%, and the core CPI will drop from 3.1% to 3%. If the data comes in lower than expected, it may strengthen the expectation of an interest rate cut, which is favorable for gold. The United States' reciprocal tariff policy has triggered market risk aversion demand, but the short-term strength of the U.S. dollar has curbed the upward momentum of gold.Technical analysis:Gold opened with a volatile upward trend today. During the Asian and European trading sessions, it rose to a high of 3015. In the European trading session, gold traded in a narrow range and is currently trading around 3013. The moving averages in the 3-hour chart have formed a golden cross, and the MACD indicator has a golden cross with increasing volume. Therefore, the overall trend of gold is still bullish. We should pay attention to the low point of the pullback in the European trading session at 2995 and the previous low point at 2997. In terms of operation, we recommend going long on pullbacks.💎💎💎 XAUUSD 💎💎💎🎁 Buy@2980 - 2990🎁 TP 3010 - 3020 -3030The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updatesI've managed to turn 30K into 200K within 30 days. Join me, and you can achieve the same!