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

Nonfarm Payroll Data Release: A Key Market FocusThe upcoming release of the Nonfarm Payroll (NFP) data is undoubtedly the most closely watched event in the market recently. The NFP data, short for U.S. Nonfarm Payroll Employment Data, is published monthly by the U.S. Department of Labor. It covers critical information such as the number of employed persons in U.S. nonfarm sectors, the unemployment rate, and average hourly wages. Its influence is akin to a boulder crashing into a calm lake, capable of disrupting the entire financial market.Currently, the price of gold is oscillating near $3,365. From a macroeconomic and geopolitical perspective, factors such as downgraded global economic growth expectations, uncertainties brought by U.S. tariff policies, and geopolitical military conflicts have provided a strong foundational support for gold prices. Combining technical analysis, the $3,350-$3,355 range is an area where prices have found support multiple times recently, indicating strong support. When the price corrects to this range, if the K-line chart shows patterns such as small bullish candles or K-lines with long lower shadows, and trading volume noticeably shrinks compared to the previous upward phase before gradually increasing, it suggests that bearish momentum is weakening and bullish forces are starting to gather. This can be seen as a favorable entry point for long positions, leveraging the support below to capture potential price rebounds.Gold strategy today, I hope it will be helpful to youXAUUSD BUY@3350~3355SL:3340TP:3365~3370