Technical analysis by JamieLouis about Symbol PAXG: Buy recommendation (4/11/2025)

Gold surged again, setting a new record high. This rebound was expected, but the strength was beyond expectations; it opened higher and closed higher, and the upper side is close to the 3200 integer mark, so pay attention to the risk of another pullback. The overall trend of gold is still bullish. The upper 3200, 3210 and 3220 integer marks can be regarded as pressure, and the lower supports are 3169, 3161 and 3152 respectively. Here is a short-selling strategy.Operation suggestion: Wait for the price to rise to around 3208 and go short, stop loss at 3213 (small stop loss, to be set), short-term view around 3170-60, target 3250-40;