Technical analysis by GoldenViewJake about Symbol PAXG: Buy recommendation (5/20/2025)

Yesterday, gold continued to fluctuate, and the price continued to be under pressure at the key level of 3250. On the weekly level, gold prices tried to rebound after bottoming out on Friday, but encountered suppression from the short-term moving average. On the weekly level, gold prices attempted to rebound after hitting bottom on Friday, but were suppressed by the short-term moving average. The daily line finally closed in a cross star pattern with long upper and lower shadows, indicating fierce game between bulls and bears. From a technical perspective, the 4-hour chart shows obvious characteristics of a descending channel. The price rebounded after testing the lower track of the channel several times, but it has not been able to effectively break through the central axis suppression level of 3250. The hourly chart shows that the market maintains a rhythm of oscillating corrections. The current daily line forms a combination of two Yins and one Yang, but it has not effectively fallen below the previous low support level. It is expected that the trend pattern of bottoming out and rebounding will most likely continue today. In terms of operation strategy, it is recommended to focus on the 3260-3200 range, relying on the upper and lower edges of the channel to implement a high-selling and low-buying strategy, and at the same time, special attention should be paid to prevent the possible breakthrough risks during the European session.Overall, today's short-term operation strategy for gold is to buy on pullbacks and sell on rebounds. The short-term focus on the upper resistance of 3258-3260 is the focus, and the short-term focus on the lower support of 3205-3200 is the focusGold strategy:Buy in the range: 3205-3200, SL: 3195, TP: 3225-3235Sell in the range: 3258-3260, SL: 3270, TP: 3240-3230Key points:First support: 3205, second support: 3200, third support: 3190First resistance: 3260, second resistance: 3265, third resistance: 3275Share my views for free every day