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Technical analysis by GoldenViewJake about Symbol PAXG: Buy recommendation (6/3/2025)

https://sahmeto.com/message/3576039
GoldenViewJake
GoldenViewJake
Rank: 707
2.9
Buy،Technical،GoldenViewJake

After the opening of today's market, the price broke through the previous high again, reaching a high of 3392. According to the current 4-hour K-line pattern, the market outlook still maintains a bullish tone, and the upper target can be gradually moved up to the 3400-3420 range. It is recommended to follow the trend in operation. From the daily level, there is an important support level near 3330.Gold is very simple for this week's market. It is temporarily fluctuating under the bullish trend of the big cycle. We will look at it as a fluctuating rise. The range is 3365-3270. It is expected to run in this range at the beginning of the week. This week is the non-agricultural data week, and the impact of news will begin on Wednesday. From a technical point of view, whether it is a weekly cycle, a daily mid-term, or a H4 mid-term, it is a bullish pattern. The daily mid-term is likely to go to the upper track 3400 high point. Be patient and wait for the bulls to increase their volume. The H4 cycle has broken through the pressure position of 3330 many times in the early stage under the influence of the news. The Bollinger Band has opened. The next resistance position is near 3350. If it continues to break, it will reach the 3400 line. On the hourly chart, the Asian session fell back to around 3300 and then rebounded strongly, indicating that the 3300 position formed a certain support role under the bullish trend, and this position needs to be paid attention to in specific operations. For the support below, pay attention to the 3350 area and you can participate in long orders, focusing on the 3350 area.On the whole, the short-term operation strategy for gold today is recommended to focus on callbacks and high-altitude rebounds. The short-term focus on the upper side is 3380-3385 ​​resistance, and the short-term focus on the lower side is 3350-3345 support.Gold strategy:Buy: 3350-3345, SL: 3340, TP: 3370-3380Sell: 3380-3385, SL: 3390, TP: 3360-3350Key resistance support:First support: 3350, second support: 3345, third support: 3335First resistance: 3380, second resistance: 3385, third resistance: 3395

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$3,380
Stop Loss Price
$3,340
Price at Publish Time:
$3,373.33
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