Technical analysis by thesharkke about Symbol PAXG: Buy recommendation (5/7/2025)

Hello,XAUUSD is currently setting up for a potential short-term buying opportunity. Despite elevated volatility in recent sessions, we expect this trend to persist as the new U.S. administration continues rolling out its policies. While Trump has softened his tone on tariffs, he remains firm on maintaining them until the U.S. secures fairer trade agreements—consistent with his broader economic agenda.Given the prevailing uncertainty, we still see limited but promising opportunities for gold buyers. Technically, gold appears to have completed a corrective phase and is positioning for a fresh rally. Our near-term target is set at \$3,500. Additionally, the MACD is approaching a zero-line crossover, signaling a possible shift in momentum that supports a cautious bullish stance.The FED rate decision later today could be the catalyst for the small move. Good luck.Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.