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

During the North American session, spot gold prices rose close to the $3,400 mark, hitting a recent high, and market analysis showed that gold bulls seemed to have regained control of price movements. Global geopolitical tensions continue to drive demand for safe-haven assets, and the Fed's interest rate decision on Wednesday will be a key factor affecting gold prices. Data shows that market participants currently expect the Fed to keep interest rates unchanged with a probability of 98.1%. As a result, the market's focus has shifted to the Fed's statement and Powell's subsequent press conference. If the Fed takes a more "dovish" stance, suggesting that interest rates may be cut in the near term, it may put pressure on the US dollar and may support higher prices for precious metals. On the other hand, if the Fed expresses its willingness to continue to keep interest rates unchanged, it may have the opposite effect on gold prices, with the US dollar likely to strengthen and gold prices under pressure.Friends, if you come to the market to make money, if you are a novice,you want your family to live a rich life, follow me, and your profit will double. I will post trading signals in the link every week, with an accuracy rate of more than 80%, I hope it will be helpful to you.