Technical analysis by BurgessMurray about Symbol PAXG on 5/13/2025

The US inflation data for April released key signals: the core CPI annual rate dropped to 2.8%, and the monthly rate of 0.2% was also lower than expected, indicating that inflation continued to fall. After the data was released, the US dollar index weakened rapidly, and the market's expectations for the Fed's interest rate cut this year increased, and gold once surged. However, affected by the uncertainty of the global tariff situation, some funds chose to take profits, causing the gold price to fall under short-term pressure. The current market is digesting the signal of policy shift, and short-term fluctuations may intensify, but the cooling of inflation and the expectation of policy easing constitute medium-term support for gold.Technically, gold prices are fluctuating and converging above the key support level of $3,200. The daily Bollinger Bands are closing, and the upper pressure is at 3,275-3,300. If it breaks through 3,275, it is expected to test the gap pressure; 3,220 below forms multiple defense lines. If the 10-day moving average is stable at the 4-hour level, the rebound target can be seen in the 3,275-3,280 range.Gold long position suggestion: Go long at 3230-3225, stop loss 7 USD, target 3250-3260Come trade with me and let you experience the feeling of making money every day. This is the best way for you to make a profit. I can guarantee your profit.