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

XAUUSD Analysis – June 3, 2025🔧 Technical:Price is moving in an ascending channel.Key support: $3,335 | Key resistance: $3,414Bullish setup: Bounce from lower channel → target $3,414Invalidation if price breaks below $3,321🌍 Fundamentals:Fed rate cut hopes + weak USD = bullish for goldCentral banks buying + geopolitical tensions support demandWatch for CPI/NFP this week for volatility📈 Bias: Bullish above $3,335🎯 Target: $3,414 | 🛑 SL: $3,321