Technical analysis by Viatre about Symbol PAXG: Buy recommendation (4/16/2025)

-Market Formation:New rounds of the “Trade War” have taken gold back to all-time highs, amid economic uncertainty and tensions. The asset has risen by a record 10% over the past week, in an almost unstoppable move, and if the political situation continues to worsen, possible targets could be at 3300-3500 levels by the end of this summer.-Forecast :After a consolidation phase in the 3200-3240 range, a continuation of the dominant upward movement towards the 3300 level is likely.-News Background:The main background is still focused on the fees imposed by the US, and the views of analysts are extremely contradictory, many believe that the new policy brings the US recession closer, while others believe that the “cooling” of the economy will allow the US to gain economic advantages, against the background of the global “overheating” and overcrediting of economies.