Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (6/6/2025)

⭐️GOLDEN INFORMATION:He stated that U.S. and Chinese negotiators would soon convene at a yet-to-be-determined location, a development that lifted market sentiment and weighed on gold prices as risk appetite strengthened. This shift occurred despite underwhelming U.S. economic data, which further fueled expectations for a Federal Reserve rate cut later this year.According to the U.S. Bureau of Labor Statistics, signs of labor market weakness emerged as jobless claims rose, signaling a potential cooling in employment conditions. Meanwhile, the U.S. Bureau of Economic Analysis reported a narrower trade deficit in April, largely attributed to a decline in front-loaded imports ahead of anticipated tariffs.⭐️Personal comments NOVA:anxiously awaiting NF news today, there is pressure to weaken the dollar, NF figures that investors are worried about continue to be negative for DXY⭐️SET UP GOLD PRICE:🔥SELL GOLD zone : 3449- 3451 SL 3456TP1: $3436TP2: $3420TP3: $3405🔥BUY GOLD zone: $3303- $3301 SL $3296TP1: $3320TP2: $3330TP3: $3340⭐️Technical analysis:Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.⭐️NOTE:Note: Nova wishes traders to manage their capital well- take the number of lots that match your capital- Takeprofit equal to 4-6% of capital account- Stoplose equal to 2-3% of capital accountGold price accumulated around 3350-3360