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

On Thursday, gold continued its strong upward trend, hitting a intraday high near $3,403, fully achieving the expected target. Although the European Central Bank's interest rate hike pushed the US Dollar Index higher, triggering a sharp pullback in gold prices during US trading hours, this correction is more regarded as a profit - taking behavior by bulls rather than a signal of trend reversal. Currently, the key support below remains at the $3,340 level. If the price stabilizes above this level, the overall bullish structure remains solid. Thursday's significant pullback is more like a cleaning action by major capital to address excessive short - term positions. The moving average system at the daily chart level still shows a bullish arrangement, with no obvious signs of turning bearish. Given that the Non - Farm Payrolls data will be released on Friday, it is expected that the market will maintain a volatile consolidation trend before that. On Friday, we need to focus on the guidance of the Non - Farm Payrolls data, and the real - time market strategy will be dynamically adjusted according to the data results.Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.Trading Strategy:buy@3340-3350TP:3370-3380