Technical analysis by AmirMIssa about Symbol PAXG: Buy recommendation (5/12/2025)

🎯 Gold extended its losses following a two-day round of high-level negotiations in Geneva, where China and the United States announced a joint statement aiming to end the trade war between the two countries.🤝 Key points of the new agreement:▪️ China will reduce tariffs on U.S. imports from 125% to 10% for a period of 90 days▪️ The U.S. will apply a base tariff of 10% on Chinese goods, along with a 20% tariff on fentanyl▪️ Both parties will begin implementing the revised tariffs starting May 14At the same time, the progress in negotiations and easing tensions between India and Pakistan have reduced demand for gold as a safe haven, leading to a drop in its price early in the week.Gold now appears headed toward previous support levels at 3227 and possibly 3180.