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

Market news:Spot gold fluctuated in a narrow range in the early Asian session on Friday (May 30), and is currently trading around $3,315/oz. London gold prices bottomed out and rebounded on Thursday, hitting a low of $3,245/oz since May 20 in the Asian session, and then rebounded, reaching an intraday high of $3,330, helped by weak U.S. labor market data. At the same time, market participants digested the court's ruling to block most of U.S. President Trump's tariff measures.The market is currently in a delicate balance. On the one hand, the Fed's cautious stance and the positive U.S. economic data boosted risk assets, and the strong performance of the equity market diverted some safe-haven funds. On the other hand, geopolitical uncertainty and doubts about the long-term trend of the U.S. dollar have made the market dare not be overly bearish on gold. The current market participation has declined, and most traders choose to wait and see, waiting for clearer direction signals.The gold market in 2025 is being reshaped by two forces: one is the volatility of Trump's trade policy, and the other is the approaching turning point of the Fed's monetary policy. In the short term, the results of the tariff dispute appeal and the June non-agricultural data will determine whether the gold price can break through the $3,400 mark. The US personal consumption expenditure (PCE) price index data will also be released on this trading day. The market will carefully analyze the data to find signals about the future monetary policy of the United States.Technical Review:The trend of gold buying and selling structure has not continued, and the monthly line is closed today. The market has not gone through the technical market, and the buying and selling are fiercely competing for the wash market trend. Pay attention to the 3,300 mark below the intraday trading, and the turning point is 3,330. The 4-hour candlestick chart shows that the Bollinger channel is open and upward, and the short-term trend is obviously weak. From the moving average system, the short-term moving average is in a long arrangement, which continues to support the gold price, and the upward trend is further confirmed. At the daily gold level, the price closed above the middle track of the Bollinger Band, and the MACD technical indicator fast and slow lines interlaced, indicating that buying and selling were balanced; in the four-hour chart, gold was fluctuating upward, and the MACD fast and slow lines were glued below the 0 axis, and a golden cross appeared initially. The buying momentum has turned back, and the short-term may touch the upper 3345 US dollars/ounce. Overall, gold is likely to continue to fluctuate downward in the short term. Investors need to be cautious in their operations and pay close attention to changes in key points.Today's analysis:Gold rose again yesterday as a hedge. After gold bottomed out, it quickly formed a deep V. The rebound range for the whole day yesterday was 85 US dollars. The gold price stood above the 3300 mark again and returned to the previous range of fluctuations. The market trend was slightly volatile, and it was a wide range of fluctuations. We still need to focus on the pressure of the 3330 line during the session. Since gold buying has begun to fight back vigorously and formed a strong deep V, then gold buying is even better. Gold 1-hour deep V reversal, gold 1-hour moving average also began to turn upward, then the strength of gold selling has weakened, gold buying is expected to start. Gold 3285 is the key position for buying and selling. If gold falls back to 3285 in the Asian session and does not break, you can continue to buy. 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.Operation ideas:Short-term gold 3287-3290 buy, stop loss 3279, target 3330-3350;Short-term gold 3330-3333 sell, stop loss 3342, target 3300-3280;Key points:First support level: 3296, second support level: 3284, third support level: 3266First resistance level: 3330, second resistance level: 3348, third resistance level: 3376Today's market is very volatile. If you lost a lot of money today, don't worry. I can help you make it back. If you need my help, please contact me.