Technical analysis by EdithTout about Symbol PAXG on 4/16/2025

The US-China trade tension climbed again. The US significantly increased its customs duties on Chinese goods. China immediately took measures and commercial relations between the two sides became tense. The US also implemented a universal customs duty policy for global trade partners. While important sectors such as electronics and drugs face targeted attacks, the stability of the global supply chain was affected and the sense of market risk increased sharply. The price course of gold as a traditional safe port presence attracts quite remarkable. The operation strategy is recommended when it returns to the levels of 1: 3335-3340, it is recommended to make short sales, the target is 3315-3305 levels. Operation strategy is recommended for withdrawal to 2: 3285-3280.