Technical analysis by FaithdrivenTrades about Symbol PAXG: Buy recommendation (8/24/2025)

What Fired Gold Up Last Friday Last Friday, gold spiked unexpectedly — because Powell’s speech was a bullish shocker. The FOMC hadn’t signaled a shift, inflation was still higher than unemployment… but then Powell dropped that line about employment needing repair, not inflation being the bigger worry. He basically winked, saying a rate cut may be coming, but cautiously. That had markets scrambling—and gold jumped Weekend Headlines That Could Shift the Deck Israel airstrikes in Sanaa, Yemen Israel targeted power plants, a military site near the presidential palace, fuel storage—and amid intensified Houthi attacks, killed at least 2 and injured dozens. Critical infrastructure and geopolitical risk ratchet up. Powell says Fed may need rate cuts—but will proceed carefully Fed chief sees rising job-market risks but wants to act only if necessary. Market now pricing in high odds of rate cuts before year-end. Pentagon planning military deployment in Chicago amid Trump crackdown Thousands of Guard troops could roll in by September, with active-duty forces on the table. Local leaders slam it—no request, no crisis. Has shades of federal overreach, potential market distraction So what does this do to gold? Powell’s dovish tone keeps the bullish bias intact. Employment fragility + potential cuts = gold’s friend. The Middle East strikes inject fresh geopolitical volatility—another tailwind for a haven like gold. Alright, we've got the wind at our back—Powell easing talk + geopolitical flare-up. If you’re riding long, at least set a stop below the recent low. And ask yourself: what’s your exit if the labor data surprises? If it tightens, gold could retract fast. That’s our risk. Stay awake, not dreamy