Technical analysis by GoldenViewJake about Symbol PAXG: Buy recommendation (5/30/2025)

Gold rose again yesterday as a hedge. After hitting the bottom, gold quickly formed a deep V. Gold should follow the trend and go long in the Asian session today. We never do dead longs or dead shorts. Since the gold bulls have begun to fight back and formed a strong deep V, the gold bulls are even better.Gold 1-hour deep V reversal, gold 1-hour moving average also began to turn upward, so the strength of gold shorts has weakened, and gold bulls are expected to start to exert their strength. Gold 3285 is the key position for the turning point between long and short. If gold falls back to 3285 in the Asian session without breaking, it can continue to go long. If gold falls below 3285, then gold will start to fluctuate in a large range again. If it does not break, it will still fluctuate upward.The market changes rapidly. Since the gold bulls have begun to exert their strength, the short-term will follow the pace of the bulls. Whether the gold bulls can go to the next level, we will wait and see.Gold strategy:Buy range: 3290-3288, SL: 3278, TP: 3310-3320Sell range: 3338-3340, SL: 3350, TP: 3320-3310Key points:First support: 3290, second support: 3280, third support: 3270First resistance: 3330, second resistance: 3340, third resistance: 3350Share my views for free every day