Technical analysis by fxtraderanthony about Symbol PAXG on 6/3/2025

🚨 Market Breakdown: Gold (XAUUSD) 🪙📉📊At the moment, I’m closely monitoring XAUUSD (Gold) 🔍. Before diving in, it's crucial to zoom out and gain a macro perspective 🌍. This means analyzing key support and resistance levels on the weekly and daily timeframes 📅 using price action as our primary guide.📈 Gold has seen a strong rally — it’s overextended at this point. A deeper pullback could be on the cards. If we get that retracement alongside a bullish break of structure, I’ll be eyeing a potential long setup 🛒.However, this bias is conditional 🔄. If the stock market pulls back, that could strengthen the case for a gold buy. On the flip side, if equities continue to rally, I’d likely shift toward a bearish stance on gold 🐻.🎥 Everything is broken down clearly in the video.❗️Disclaimer: This is not financial advice. The analysis shared is for educational and informational purposes only. Always do your own research and manage your risk accordingly.