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

https://sahmeto.com/message/3563460
Labaron
Labaron
Rank: 1130
2.7
Buy،Technical،Labaron

📌 Driving Events Gold rebounded from a weekly low near $3,245 and broke through the $3,300 mark on Thursday, boosted by optimism following a weaker-than-expected U.S. jobs report and a U.S. court ruling halting President Trump's proposed tariffs. Gold fell on Friday as the dollar rose slightly, while investors await a U.S. inflation report that could provide further insights into the Fed's policy trajectory.📊 Commentary Analysis The market continued to fall for an hour, fluctuating back and forth, lacking continuity - it rose yesterday and fell today. Gold rebounded above $3,320 in early trading before retreating. On the weekly and daily charts, the trend is still dominated by range fluctuations rather than unilateral gains or losses. I think shorting gold should be considered today, with support below at $3,280-3,270-3,260. However, prices may struggle to make new lows. As today is the monthly close, large fluctuations suggest that we should avoid chasing ups and downs.💰Strategy planXAUUSDSell: 3330-3320-3310tp: 3300-3290-3280

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$3,320
Stop Loss Price
$3,280
Price at Publish Time:
$3,308.34
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