Technical analysis by GoldenViewJake about Symbol PAXG: Buy recommendation (5/21/2025)

Gold closed sharply higher at the daily level. The low price did not break the previous low, and the high price broke the previous high, showing a rising trend. Gold broke upward after fluctuating in the 3250 area. Gold bulls pulled up again and broke through the double expansion line. Then it needs to test the 1.68 level ahead. Pay attention to the 3259 level for the strength of the retracement support.Gold has been fluctuating sideways in a small range for several consecutive days, constantly digesting the downward momentum of MACD. Last night, the market was brewing a wave of upward breakthrough and unilateral pull-up. The daily line stabilized ma5 and ma10. The previous weakness has now turned into strength, just closing above the middle track of the Bollinger Band. On this basis, today's market relies on the middle track for a clear bullish basis. Therefore, today's gold continues to be bullish. The current market at the 4-hour level has gone out of a strong pattern. The Bollinger Bands continue to open upward, the moving average golden cross diverges upward, the MACD golden cross emerges, and the red column continues to increase, suggesting that gold will continue to rise in the short term. Therefore, the bullish idea is maintained during the day. However, the current K-line has run above the upper track, which is not conducive to the continued rise of gold. Therefore, the operation is to wait for the key support level to fall back and buy. The current short-term buying support is 3273, and the previous top and bottom conversion position of 3265-3253 is concerned below. If the price falls back to the two supports today, continue to buy. The upper side is expected to reach 3325, and the breakthrough of 3347 is expected to rush to the 3400 line.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 side is 3350-3355 resistance, and the short-term focus on the lower side is 3295-3290 supportGold strategy:Interval buy: 3295-3290, SL: 3285, TP: 3315-3325Interval sell: 3350-3355, SL: 3365, TP: 3335-3325Key points:First support: 3295, second support: 3290, third support: 3280First resistance: 3350, second resistance: 3355, third resistance: 3360Share my views for free every day