Technical analysis by KittyBaldwin about Symbol PAXG: Buy recommendation (5/11/2025)

As for the daily chart, the market surged on Monday and Tuesday, plummeted on Wednesday and Thursday, and ended in shock on Friday. The bulls and bears were tug-of-war and refused to give in to each other. The short-term news is relatively complicated. Market sentiment follows the news. It surges when it is slightly nervous and plummets when it is appropriately relaxed. There are certain risks in short-term operations, and the volatility is large. Maintain two principles. First, do not chase gains and sell losses; second, reduce positions. There are opportunities in the market at any time. If there is news on the weekend, it will inevitably impact the market next week. Gold will still be violently swept for the time being. It is expected that this will be the norm throughout May. As time goes by, the weekly MA10 gradually moves up. This position will be the focus of attention in the later period. The biggest retracements in the past were all based on this support. Any large downward adjustments are opportunities for long positions. On the whole, the short-term operation strategy for gold next Monday is to focus on long positions on pullbacks and short positions on rebounds. The short-term focus on the upper side is the 3370-3410 resistance line, and the short-term focus on the lower side is the 3310-3315 support line.