Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (6/1/2025)

✍️ NOVA hello everyone, Let's comment on gold price next week from 06/02/2025 - 06/06/2025🔥 World situation:Gold prices declined on Friday, pressured by a rebound in the US Dollar, even as US Treasury yields dipped in response to a robust inflation report. Despite the yield pullback, expectations remain firm that the Federal Reserve could begin easing policy in 2025. At the time of writing, XAU/USD is down 0.83%, trading around $3,289.Market sentiment turned more risk-averse after US President Donald Trump sharply criticized China, accusing Beijing of breaching the trade agreement reached during talks in Switzerland. In a post, Trump wrote, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!”—a statement that reignited geopolitical tensions and added to market uncertainty.🔥 Identify:Gold price is in great competition between buyers and sellers around the price range of 3200 - 3300. Tariff policies are coming back, the trump administration is putting pressure to get favorable tariffs.🔥 Technically:Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:Resistance: $3332, $3365Support: $3244, $3204🔥 NOTE:Note: Nova wishes traders to manage their capital well- take the number of lots that match your capital- Takeprofit equal to 4-6% of capital account- Stoplose equal to 2-3% of capital account- The winner is the one who sticks with the market the longest