Technical analysis by JohnHarry_7 about Symbol PAXG: Buy recommendation (5/25/2025)

Gold extends its weekly advance, trading around $3,350 per troy ounce on Friday. The rally in XAU/USD is driven by broad-based weakness in the Greenback, particulalry after President Trump’s threat to impose 50% tariffs on European imports.From a technical perspective, the overnight pullback from a two-week top shows some resilience below the 23.6% Fibonacci retracement level of the move up from the monthly low touched last week. Adding to this, oscillators on hourly/daily charts are holding in positive territory, suggesting that the path of least resistance for the Gold price remains to the upside. Some follow-through buying beyond the overnight swing high, around the $3,346 area, will reaffirm the constructive outlook and allow the XAU/USD pair to reclaim the $3,400 round figure.