Technical analysis by Smarter_Trades about Symbol PAXG: Buy recommendation (4/28/2025)

Gold is looking strong heading into the next few weeks. Real-world catalysts are stacking up: Central banks are still aggressively buying gold (China and other BRICS nations are steadily increasing reserves). Geopolitical tensions (Middle East, Russia/Ukraine) are keeping safe-haven demand alive. U.S. economic data is showing signs of a slowdown — with weaker job reports and cooling inflation, expectations for rate cuts later this year are rising. The dollar has softened a bit recently, giving gold room to breathe. Technically, gold is holding key support levels and building momentum for a potential breakout. If economic data continues to weaken or geopolitical risks stay elevated, gold could quickly retest recent highs.Looking good so far.TP #2 was also hit.