Technical analysis by MariaLee66 about Symbol PAXG: Buy recommendation (5/13/2025)

From a technical perspective, the gold market has been greatly affected by market factors recently, and prices may fluctuate greatly. Although the gold price fell sharply on Monday, it did not fall below the previous low of $3,200/ounce, nor did it cause a significant opening of the lower track of the Bollinger Band. Therefore, it is believed that the gains and losses of the key support level of $3,200/ounce and the changes in the Bollinger Bands should be closely monitored in the near future. At the daily level, the upper suppression level of the gold price is in the range of $3,280-3,320/ounce. It is necessary to pay attention to the closing of the daily line on Tuesday and Wednesday. If there are continuous positive lines, it may indicate that the gold price has temporarily turned from weak to strong. At the 4-hour level, the trend of gold prices is slightly hesitant, and it may continue to fall or rebound. If it falls, it is necessary to pay attention to whether the unilateral moving average suppression level of $3,280/ounce is broken; if it does not break through this suppression level, the decline is a normal trend. If the gold price breaks through $3,280/ounce and stands above the 10-day moving average, and there are continuous positive lines, it may turn strong again in the 4-hour cycle.The support level of 3220 USD/oz should be paid attention to for long orders. For the sake of stability, it is advisable to observe whether 3200 USD/oz is effectively broken before deciding whether to continue to go long. The gains and losses of 3280 USD/oz should be focused on. From the 30-minute chart of gold, it is currently reminded that today's market still has downward pressure and 3200 will serve as the neckline of the M head. Today's 3265-3270 is shorted, and the stop loss is 3278. The target below is 3240-3220. If it falls below, the 3220-3200 neckline support will be seen. If it falls below, the space below will open up and the market will start a band-like decline process.Operation strategy:Gold recommends shorting in the rebound 3265-3270 area, with a stop loss at 3278. In the short term, it is 3240-3220, and the target is 3220-3200.Dear traders, trading is not gambling. Don't invest all your hard-earned money into the market. If you find the right trading direction, I believe trading will be smooth sailing for you. And you need to control risks reasonably, which is crucial to your account. Click my link and contact me. I can guarantee you 100% stable profit every week.