Technical analysis by Reliable_Trading about Symbol PAXG: Buy recommendation (5/22/2025)

Yesterday, the US 20-year Treasury auction was a surprise, the 30-year Treasury yield rose to a high point this year, the three major US stock indexes fell, and the US dollar index also fell, which triggered a rise in risk aversion in the market. At the same time, we can also see that after gold stabilized at 3,300 points, more buying intervention has occurred, further pushing up prices.Yesterday we waited for a pullback to the 3290-3300 support range to buy, and the gold price rose to 3345 at its highest. Today, the Asia-Europe session came out of the pullback ahead of schedule, and the buying opportunity came again.There has been relatively little market news in the past few days. Today we will have the weekly initial jobless claims data, and there will also be speeches by Federal Reserve officials later, which requires special attention today.Today, we first need to pay attention to the support in the 3,300-3,310 range, followed by 3,270. Retracement is an opportunity to intervene, and profits can be maximized. The upper resistance can first look at 3,320, followed by 3,340, and finally 3,360-3,370Many US data released today are bearish for gold, causing it to fall below the support level of 3,300. Next, we need to focus on the trend line support of 3,270. If it holds here, it will rebound, but once it falls below here, it will test the key position of 3,250 again.