Technical analysis by Henrybillion about Symbol PAXG on 6/5/2025

Gold is trading steadily in the early morning session in Asia, supported by weak U.S. economic data released overnight. Service sector activity unexpectedly declined in May, while ADP data showed 37,000 jobs created, marking the slowest private sector hiring pace in over two years. Quasar Elizundia from Pepperstone stated in an email that this data has bolstered gold’s appeal as a safe-haven asset. The research strategist added that the international environment is also favorable for gold, noting trade tensions between the U.S. and China. Spot gold remained nearly unchanged at $3,374.86/oz.Trading Strategies for XAUUSDhttps://www.tradingview.com/x/kW0kLO5e/SELL XAUUSD around the 3390-3392 area - SL: 3397 - TP1: 3385 - TP2: 3380 - TP3: 3374 BUY XAUUSD around the 3346-3348 area - SL : 3340 - TP 1: 3352 - TP 2: 3356 - TP 3: 3361 Note: Always set a Stoploss in all cases to stay safe.