Technical analysis by jiqeu1 about Symbol PAXG: Buy recommendation (11/3/2025)

https://www.tradingview.com/x/r4LL2v1L/ Last week, the US dollar was significantly boosted as some Federal Reserve officials shifted from dovish to hawkish. The main concern was the continued US government shutdown, the lack of official economic data to support the market, the lack of improvement in inflation, and the worrying employment situation, all contributing to concerns about economic development. This led to a change in the Fed officials' stance. Meanwhile, ongoing geopolitical conflicts in the Middle East, Russia-Ukraine, and Venezuela continued to provide safe-haven support for gold. After repeated declines and bottoming out last week, gold gradually showed signs of bottoming out. After repeated rallies, it encountered strong resistance at 4040/50. Before breaking through this level, the bulls will likely have limited room for further gains and need to consolidate. Currently, the European session has seen a correction; watch for stabilization and further upward opportunities. Gold can be bought near 3990/94, with a stop-loss at 3981, targeting above 4015/30. A short position can be considered near 4042, with a stop-loss at 4051, targeting a pullback to the 4020/10 range. A break above 4050 would target above 4100.We are making a profitContinue to profit after pullback