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

Market news:In the early Asian session on Monday (June 2), spot gold opened higher and rose by more than $20 to $3,316.50/ounce, as Ukraine attacked several Russian military airports over the weekend, raising concerns about the geopolitical situation. However, Russia and Ukraine will hold peace talks in Istanbul on Monday, and the market is still somewhat on the sidelines. Surveys show that Wall Street tends to wait and see about the future market trend because of the US non-farm payroll report for May this week, and the bullish sentiment on international gold is slightly dominant. Trump has imposed tariffs again, and the EU has taken countermeasures. Ukraine's "spider web" action against Russia has not yet been formalized. Hamas agrees to a new round of ceasefire negotiations in Gaza. Under the dual influence of tariff uncertainty and cooling inflation data, the US dollar index has formed a large range of fluctuations in the past week, closing up 0.104% on Friday, but it still cannot reverse its trend of falling for the fifth consecutive month! Tariffs may influence the market again this week. On Tuesday, Fed Chairman Powell will also give an opening speech at an event. This is his first speech after meeting with Trump last week. At the same time, several Fed officials will speak this week. The US ISM manufacturing PMI data for May will be available on this trading day, and investors need to pay close attention.Technical Review:The monthly gold line closed with a positive cross line. Technically, gold continued to run around a large wide range of fluctuations, and long and short positions repeatedly fought around the 3300 mark. The daily chart alternated between yin and yang, and there was no continued trend. At present, the daily chart MA10/7-day moving average is glued together at 3313, and the RSI indicator is flat and maintains the 50-value central axis. The Bollinger band of the short-term four-hour chart is closed, and the price is above the middle track of the Bollinger band channel at 3298. The gap of 3290 is opened and opened high in the early trading. The long and short positions alternately fluctuated widely. The trading at the beginning of the week still maintains the short-term idea of ​​selling high and buying low! As Trump's tariff trade temporarily takes effect, the short-term gold trend is expected to continue to fluctuate widely, and the long-term trend is definitely bullish.Today's analysis:Gold opened higher on Monday and moved higher. The main reasons are two aspects. In terms of geopolitics, the conflict between Russia and Ukraine continues, and there are many uncertainties. Investors' panic sentiment has risen, pushing up gold prices. On the other hand, the amount of US debt maturing in June is huge, and the government's debt repayment pressure is high, prompting investors to buy gold for risk aversion!Gold continued to rise in the first hour on the market. Under the stimulation of risk aversion, gold buying directly broke upward. This week is a data week. The focus is still on whether the data in the second half of the week can make gold go in a new direction.Operation ideas:Short-term gold 3360-3280 buy, stop loss 3340, target 3390-3400;Short-term gold 3330-3340 sell, stop loss 3350, target 3300-3310;Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes your life and destiny. Wise choices are far more important than hard work. If you want to get trading signals, stable profits, or want to learn the correct trading logic and skills in depth, you can consider contacting me to join us for help.