Technical analysis by CEO-PREMIUM-ANALYSIS about Symbol PAXG: Buy recommendation (6/2/2025)

Early in the American session, gold is trading around 3,347 after a sharp drop due to US data and showing signs of weakening bearish momentum. Gold has good support around the 6/8 Murray level, this level is key.Gold is eventually breaking the 6/8 Murray level. If it continues its bearish cycle, it could find another support around 3,259 (200 EMA). In this area, we could also expect a technical rebound.The confirmation for buying gold in the coming hours is to wait for the price to consolidate below 3,331. We can then buy with targets at 3,365.On the other hand, a break and consolidation above 3,365 and above the downtrend channel could confirm a strong bullish move for gold, potentially reaching the 8/8 Murray at 3,437.Gold left a gap around 3,324 in early May and is likely to be filled in the coming days. For this, we should expect the price to consolidate below the psychological level of 3,365.