Technical analysis by Goldviewfx about Symbol PAXG on 6/1/2025

Hey Everyone,Here's an update on the daily chart setup we've been tracking and trading successfully over the past few weeks.As anticipated, price action rejected off the midline of the channel and produced a strong bounce, exactly as we had analysed. This move reached the 3272 Goldturn level and closed above it, opening the path for a potential test of the channel top near 3433. We captured a solid move of over 600 pips, aligning perfectly with our strategy of buying the dips for the ideal swing setup.The channel half line continued to provide support and bounces, with a gap left above at 3433. Our channel top also falls in line with this level.Please note that the gap remains open, but we are not looking to chase from the top. We'll continue to focus on buying pullbacks for better entries.This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake outs and real breakouts, cutting out much of the noise that usually confuses traders.Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalise on quick moves without getting caught in the chop of larger swings.Thank you all again for your continued likes, comments, and follows, we truly appreciate your support!Mr GoldGoldViewFX