Technical analysis by EXCAVO about Symbol PAXG: Buy recommendation (4/25/2025)

📉 Flash Corrections and New Highs:Gold has shown sharp swings, dropping to $3,287 per ounce and swiftly hitting a historic high of $3,500. These moves are not chaos but reflect deep processes within the global financial system.🔍 Key Drivers of Today’s Gold Market1️⃣ Geopolitics on Edge:Trade wars between the US and China, political instability, and the upcoming US elections have fueled demand for safe assets. Central banks continue purchasing gold at a pace exceeding 1,000 tons per year, challenging the dominance of the US dollar.2️⃣ Stagflation and Fed Policy:Markets are pricing in rate cuts, traditionally strengthening gold’s position. Even short-term easing of geopolitical tensions hasn’t derailed the bullish trend — inflation expectations and weakening consumer confidence keep pushing prices upward.3️⃣ China as a Major Player:It’s not just state-level purchases — retail demand among China’s Gen Z is hitting new highs. Institutional mandates requiring gold holdings further tighten global supply, reinforcing upward pressure.📊 Technical Outlook: Where to Look for Entry PointsSupport Levels: $3,260 – $3,280Resistance Levels: $3,420 and the psychological barrier at $3,500April followed a classic scenario: breakout to new highs, profit-taking, and return to key levels for position re-entry. For the attentive investor, this isn’t a reason for panic but an opportunity to reload into a long-term bullish trend.Gold is not just an asset — it’s a barometer of trust in the global financial system. Every time the system falters, gold shines brighter.ConclusionThe gold market in April 2025 is a textbook example of how global risks turn into opportunities for those ready to act. Volatility only scares those who don’t understand it.As always, stay one step ahead.Best regards, EXCAVO_____________________Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.