Technical analysis by TP_Daniel5 about Symbol PAXG: Buy recommendation (5/26/2025)

Today, gold opened lower and fell, reaching the lowest level of 3331. Then the bulls exerted their strength, reaching the highest level of 3356 and then adjusted back. The overall trend was highly consistent with the expected judgment. Looking back at the market last week, the technical side of gold continued the bullish pattern, and the oscillating upward trend was significant. From the daily level, the price repeatedly tested around the 3200 mark at the beginning of the week, and finally stabilized successfully, laying a solid foundation for the bull market. On Friday, it was supported by the 3280 mark, continuing the strong oscillating upward trend, forming a reverse middle Yang pattern, and the daily K line closed with an oscillating upward break of the middle Yang, fully demonstrating the short-term bullish pattern of gold prices, and bullish expectations continued to heat up. ​Based on the current gold trend analysis, the focus below is on the 3330-3320 range support, and the focus above is on the 3380-3400 resistance. In terms of overall strategy, the bullish thinking is maintained before breaking 3320 to avoid blindly guessing the top.This week, the market's optimism about trade has weakened, and concerns about the US fiscal situation have turned to hesitancy about US assets, making gold the focus of investors again. As long as tariff issues, US debt and geopolitical tensions continue to ferment in the financial market, gold is likely to continue to stand above $3,000.Currently, Moody's downgraded the US sovereign credit rating, which has shaken the market's confidence in US assets and prompted funds to flow into gold. In addition, Trump's tax cuts and spending increases have raised concerns about the rapid rise in US debt, and weak demand for US 20-year Treasury auctions have further enhanced gold's safe-haven appeal. From a technical perspective, if gold successfully breaks through the upper track of the descending channel, the bullish trend may continue, and the next target may be $3,400.Congratulations to the friends who followed the trading plan for reaping good returns. According to the current market changes, there is a risk of decline. In order to control the potential risk of decline and lock in profits in time, I inform you to close your positions decisively. Although the profit is not much, in the current volatile market, you can avoid the potential risk of a sharp correction. The reversal of the risk-averse market will eat up the profits. It can be regarded as a steady win. We will look for good opportunities later.