Technical analysis by Mia_Gold about Symbol PAXG on 4/21/2025

Gold market weekly outlook: Three major events dominate, gold's strong pattern continues📌 This week's core focus: Three major events drive market sentiment🌎 Trump's tariff policy progressAccording to the weekend news, Trump may finalize a tariff agreement with major economies within a month. If the negotiations go smoothly, market risk appetite may rebound, and gold may be under pressure in the short term; if the negotiations fail, risk aversion will push up gold prices again.Potential impact: Tariff uncertainty still supports gold, but if it is implemented, it may trigger a short-term correction.⚔️ Progress in US-Iran nuclear negotiationsRecently, positive signals have been released. If the negotiations go smoothly and geopolitical risks cool down, gold safe-haven buying may weaken.Potential impact: If an agreement is reached, gold may fall back in the short term; if the negotiations are deadlocked, gold prices will continue to be supported by risk aversion.💵 Federal Reserve interest rate decision (May 1)The market generally expects interest rates to remain unchanged, but attention should be paid to Powell's statement on inflation and future policies.Potential impact: If dovish signals are released (such as hinting at rate cuts), the US dollar may weaken further, and gold will benefit; if it is hawkish, gold prices may adjust in the short term.📊 Market status: Gold remains strong, and the weakness of the US dollar boosts the rallyThe US dollar index fell below 98, hitting a recent low, further supporting gold.Gold driving factors:✅ Uncertainty in tariff policies✅ Expectations of Fed easing✅ Geopolitical conflicts (Middle East, Russia and Ukraine, etc.)✅ Global central banks continue to buy goldTechnical aspects:Daily line: Continuous large positive lines, the moving average is steeply arranged, and there is no peak signal.Weekly line: Three consecutive positive lines, MACD volume, strong upward momentum.Key positions:Support: 3350 (early gap), 3330 (trend line)Resistance: 3400 (psychological barrier), 3430 (next target)🎯 Today's trading strategy: follow the trend and buy low, be wary of event disturbancesAggressive long orders:3350-3355 directly buy, stop loss 3340, target 3380-3400 (breakthrough can see 3430).If it falls back to 3330 (trend support), you can arrange long orders for the second time, stop loss 3320, target 3360-3380.Be cautious with short orders:The current trend is extremely strong, and the risk of going against the trend is extremely high. Only short-term quick entry and exit are allowed (if 3400 is not broken, try short with a light position).