Technical analysis by ActuaryJ about Symbol PAXG: Buy recommendation (6/2/2025)

Technical analysis of gold Daily chart resistance 3412, support below 3284 Four-hour chart resistance 3400, support below 3322 One-hour chart resistance 3360, support below 3322 Analysis of gold news: Gold prices fell last Friday and the US dollar rose. The market digested the latest news on tariff developments, and a weaker inflation report kept hopes of a US interest rate cut alive. After the federal appeals court temporarily restored Trump's tariffs on Thursday, tariffs may once again influence the market this week. On Tuesday, Federal Reserve Chairman Powell will also give an opening speech at an event, his first speech since meeting with Trump last week. At the same time, several Federal Reserve officials spoke this week. Gold prices may continue to test the middle track of the Bollinger Band near 3300 this week. If geopolitical tensions ease, it is expected to test near 3250. Gold operation suggestions: From the current trend analysis, the support below focuses on the 3322 level of the four-hour level, and the pressure above focuses on the suppression near the 3412 level of the daily level. The short-term long and short strength dividing line is 3250. If the daily level stabilizes above this position, continue to enter with the trend. Buy: 3322near SL: 3317 Buy: 3350near SL: 3345