Technical analysis by Labaron about Symbol PAXG: Sell recommendation (6/4/2025)

📣Gold information There are two main reasons for the rise in international gold prices: First, global trade frictions have intensified. Trump said that he would raise tariffs on steel and aluminum. The EU strongly opposed it and prepared to implement countermeasures. Brazil is also ready to counter, and the market is worried that the United States will resume the "big stick" of tariff policy; second, in terms of geopolitical conflicts, the market is worried that the conflict between Russia and Ukraine will escalate again. Overall, the medium- and long-term rise in gold has not changed, and there is still uncertainty as to whether it can successfully break through the resistance level in the short term.📊Comment analysis Today, we need to pay attention to the support effect of the moving average. The current 5-day moving average is near 3340, and the 10-day moving average is near 3325. These two positions constitute important support areas for the short-term correction of gold prices. In terms of upper resistance, pay attention to yesterday's high of 3392. If the gold price can break through this resistance level upward, it means that the upward momentum is strong, and it is expected to continue the strong trend and further open up the upward space. In terms of points, pay attention to the support near yesterday's low of 3333 below, and the resistance near 3360 and 3370 above.💰Strategy Package🔥Sell Gold Zone: 3365-3370 SL 3375TP1: $3355TP2: $3340TP3: $3325🔥Buy Gold Zone: $3325-$3330 SL $3320TP1: $3345TP2: $3355TP3: $3365⭐️ Note: Labaron hopes that traders can properly manage their funds- Choose the number of lots that matches your funds