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

Gold technical analysisDaily chart resistance 3350-3400, support below 3284Four-hour chart resistance 3350, support below 3322One-hour chart resistance 3350, support below 3322Gold news analysis: Last Friday (May 23), spot gold continued its strong rise in the US market. After a technical retracement from a two-week high in the previous trading day, it attracted bargain-hunting buying again, and the trading price remained above $3350. Fundamental factors continue to provide upward momentum for precious metals. Previously, Moody's rating agency downgraded the US credit rating from the highest level "Aaa" last week, and the weak 20-year Treasury auction results on Wednesday showed that the market demand for US assets weakened. These factors, combined with the uncertainty of the US economic outlook, continue to suppress the US dollar and provide support for gold denominated in US dollars. .Gold operation suggestions: From the current trend analysis, the lower support is the 3284 level daily line support near the four-hour 3322, and the upper pressure is the four-hour level 3350 level suppression. The short-term long and short strength watershed is the 3284 level. If the daily level stabilizes above this position, continue to buy at a low level.Buy: 3322near SL: 3317Buy: 3330near SL: 3322