Technical analysis by SageFolio about Symbol PAXG: Buy recommendation (4/10/2025)

Judging from the trend presented in the daily chart, the price of XAU/USD, that is, gold against the US dollar, is currently in a stable upward channel 📈. When we conduct an in-depth technical analysis, in the recent period, its K - line pattern shows gradually rising lows and highs. The moving average system also shows a bullish arrangement 👍. The 5 - day moving average steadily crosses above the 10 - day and 20 - day moving averages, forming a strong support structure 🛡️. The bar chart of the MACD indicator continues to grow above the zero axis, and the DIF line and the DEA line maintain an upward divergence trend. All these provide strong technical evidence for the stable upward movement of the gold price.When exploring the driving factors behind this, the recent tariff issues have become the key trigger 😱. Due to the adjustment of tariffs, the global trade situation has become increasingly tense and complex, casting a shadow of uncertainty over the economic prospects of various countries 🌩️. In such an environment, investors' confidence has been affected, and their risk appetite has significantly decreased. Gold, as a traditional safe - haven asset, has seen its unique properties fully activated at this time 💥. When the market faces major uncertain events such as trade frictions triggered by tariffs, funds often flow into the gold market on a large scale to seek shelter 🏠. On the one hand, gold is scarce and is not directly controlled by the economic policies of a single country, and its value is relatively stable 🌟. On the other hand, during periods of economic turbulence, the liquidity advantage of gold also becomes prominent, enabling it to be traded relatively smoothly in the global market 🌐. This has led to large financial institutions, hedge funds, and ordinary investors alike incorporating gold into their asset allocation portfolios. The influx of a large amount of funds has directly driven the continuous rise in the price of XAU/USD, further strengthening the leading position of gold as a safe - haven asset in the current market environment 🏆.💎💎💎 XAUUSD💎💎💎🎁 Buy@3110 - 3120🎁 TP 3140 - 3150The market's been a wild, unpredictable rollercoaster lately 🎢! One misstep and you could become an ATM for shrewd traders 😱. If you also want to succeed😏，Follow the link below 👇 to get my daily strategy updates 📈3150