Technical analysis by EricGoldHunter about Symbol PAXG: Buy recommendation (5/21/2025)

Gold currently has a hard stop on the daily frame. If the price breaks the 3350 threshold, we wait for the old supply to recover to buy at the above 2 thresholds. I am still short gold on this idea at the moment with a stop loss of 3248. In case the market reverses the plan to break through 3248, we should consider capital management by cutting losses, and waiting in a buying position like this idea. However, this strategy has a high stop loss of 1000 pips. So we need to consider the trading volume by allocating at each level. I will update the positions in smaller time frames.