Technical analysis by Quaid-1 about Symbol PAXG: Buy recommendation (4/17/2025)

If there is positive news on the US-China trade situation or profit-taking selling pressure breaks out, it may trigger a sell-off.Gold prices have risen by nearly $700 this year, with tariff wars, expectations of rate cuts and strong central bank buying all helping.The current market trend has become a little out of control and there is a risk of correction. However, the correction we have seen in more than a year has not been large, and every time the market falls back, there is buying waiting behind it.The upward trend in gold prices remains, and buyers are paying attention to the $3,370/ounce level. If it breaks through this level, gold prices will target the $3,400/ounce mark. If gold strengthens further, bulls will further look to key psychological levels such as $3,450/ounce and $3,500/ounce.On the contrary, if gold prices fall below $3,300/ounce, the first support level will be $3,229/ounce, followed by $3,200/ounce.I hope this analysis can help you.I am Quaid. After seeing my analysis strategy, no matter your past gains and losses, I hope that you can achieve an investment breakthrough with my help and turn every tide in the gold market into our wealth wave.