Technical analysis by TVS-Trader about Symbol PAXG on 6/2/2025

With the recovery waves of the D1 frame, the position of Gold returns to the wide Sideway near the ATH zone3360 and 3260 sideway 100 price for the current trend. And today it is still possible to break this zone.GOLD increased strongly in the European session, touching the upper border of the sideway modelThe h1 wave is still a more bullish wave. With the support zone opening the GAP of the Asian session 3296 is still considered a strong support zone today. The breakout zone in the morning also becomes an important support zoneIn the opposite direction of the break 3360, there is still a zone 3368 as the immediate resistance before the Gold price is on the way to ATH. Attention daily resistance 3396Gold benefits from risk-aversion, surges beyond $3,350Gold rallies on the first trading day of June and climbs above $3,350. The precious metal benefits from the risk-averse market atmosphere on a deepening Russia-Ukraine conflict and growing fears over the US and China struggling to reach a trade agreement.