Technical analysis by WinifredWalsh about Symbol PAXG: Buy recommendation (5/6/2025)

At the daily gold level, yesterday it successfully closed with a 100-meter big positive line, and stood on the short-term moving average. This trend completely cycled around the Qingming Festival, so today is likely to be a big positive line, and continue to be bullish; the upper resistance point is 3445-3455, and it is expected to be tested tomorrow; at the 4-hour gold level, from the division of 3500-3202, the 3386 line is exactly the 618 division resistance. There was indeed a wave of retracement when it was touched during the day, and it stabilized and pulled up when it touched the 50 division position of 3350. Once it breaks through 3386 tonight, it will easily hit above 3400 and gradually move closer to the 786 division resistance of 3435; in addition, in the strong pull-up stage, this cycle will continue to rely on the MA5 moving average to rise;