Technical analysis by AndyHopkins about Symbol PAXG: Buy recommendation (6/5/2025)

Currently, the price of gold is fluctuating near $3,395. The recent market seems to be under a spell, with intricate dynamics and a roller-coaster price trend—much like a small boat navigating turbulent rivers, swaying unsteadily.From a news perspective, numerous factors are intertwined, collectively influencing gold prices. The global economic landscape is shrouded in uncertainty: U.S. services have unexpectedly contracted, employment data has been disappointing, and the Trump administration’s newly introduced tariff policies are like boulders thrown into a calm lake, stirring up waves and plunging the market into anxiety. Tensions between major powers persist, with the progress of trade negotiations between the EU and the U.S. constantly gripping market nerves. At the same time, expectations for Federal Reserve interest rate cuts are heating up. These factors combined have kept the gold market highly active, increasing the likelihood of gold prices challenging the $3,400 threshold.Gold strategy today, I hope it will be helpful to youXAUUSD BUY@3385~3395SL:3370TP:3410~3415