Technical analysis by Falcon-Trading-Signals about Symbol PAXG on 4/21/2025

Gold continues its intraday slow upward trend, with price action now firmly above the psychological $3,400 level. This sustained bullish momentum suggests a potential extension toward the next technical resistance zone around $3,419.While the $3,419 level could act as a short-term cap, the strength of the prevailing trend may limit its effectiveness. In this context, a buy-the-dip strategy remains the preferred approach, aligned with the dominant upward momentum.Trade Recommendation:Consider initiating long positions around $3,383–$3,384, with a protective stop below $3,375 and an upside target at $3,419. Traders should remain flexible and responsive to intraday price action, applying proper risk controls at all times.With bulls in control, trend-following strategies continue to offer the highest probability setups. Avoid counter-trend trades in this phase of the market.