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

Gold has been very volatile these days. A single news will move the market up and down. After it went according to expectation to 3400, it quickly dropped and break 3360 support. In short term, it has turned into bearish market, as the trendline was broken. However, in my weekly post, I stated as long as 3330 is held, I am holding bullish view.Therefore, I expect the price to consolidate today between 3330 and 3360. I will sell from 3360 zone and buy from 3330 zone.Bear in mind that today is NFP day. The market will be even more volatile. Follow your trading plan and protect your account. Sometimes no trading is a good trade.