Technical analysis by TP_Daniel5 about Symbol PAXG: Buy recommendation (5/23/2025)

Tariff turmoil resurfaces, gold price jumps!The Trump administration once again wields the tariff stick, threatening to impose a 50% tariff on the EU from June 1, and saying that there has been no progress in the negotiations between the US and the EU. Because the timing of this threat is quite subtle. Just earlier this week, the EU just submitted a new framework proposal to the US to restart bilateral trade negotiations. This directly led to a jump in gold price tonight!Faced with the tough stance of the US, the EU is not sitting still. It is reported that the EU has formulated a contingency plan. If the negotiations fail, it will impose additional tariffs on US exports worth 95 billion euros in response to Trump's "reciprocal" taxation and 25% tariffs on cars and some parts, which will inevitably cause further impact on the market!The bulls are in control and are unwilling to give the bears too many opportunities to cover their losses. Therefore, the strategy of following the trend needs to be more active - strong markets usually do not experience a deep retracement, and the correction phase will not break the previous low for the second time. After the current gold price surged to 3365, the intraday bull defense position should be set at 3340. The previous low of 3320 has been effectively supported, and the bulls have taken the absolute initiative, and there will be no short-selling opportunities in the short term. Based on the current strong bullish performance, continuing to maintain a bullish mindset is the core of the transaction.Operation strategy:1. Gold recommends going long in the 3340-3330 area, with a target of 3350-3360.2. Gold recommends going short in the 3365-3375 area, with a target of 3350-3340.The trading week of 5.19-5.23 ended successfully! Among the 18 operations, the first four days' accurate grasp of the market rhythm and point predictions are remarkable. With the correct thinking framework, the layout will naturally not be bad, and the profit points will be firmly grasped, accumulating considerable profits. Although there were some twists and turns on Friday, the operation on that day did not achieve the ideal effect. However, the outstanding performance in the first four days laid a good foundation for the whole week's profits, and finally achieved a steady profit target. I wish you all a happy weekend, a good rest, and fight again next week.You don’t know when to enter the market and want to double your profits? As long as you persist, your weekly profits can reach more than 100-400% without complicated operations.