Technical analysis by GoldenViewJake about Symbol PAXG: Sell recommendation (6/6/2025)

This year, it has been emphasized that 2025 is a strong year for gold. Gold may enter an accelerated period of bullish structure this year. Tariff trade policies, geopolitical tensions, the Federal Reserve's interest rate decision, the decline in U.S. debt confidence, and the increase in global central bank purchases have affected gold as a strong safe-haven tool. There will be room for growth. Therefore, as long as the overall environment remains unchanged, gold is still an absolute bullish trend. Therefore, no matter how it is adjusted, it is an opportunity for bulls to enter the warehouse. In the first three days of this week, gold remained in the range of 3332-3392. During this period, our high-altitude and low-multiple layout was also considered to have completed expectations. Then, on Thursday and Friday, gold will remain in this range and look up. If the rise breaks through and stabilizes at 3400, the upper side will look at 3500. If it breaks through 3330, the lower side will look at 3280.From a technical point of view, after the rise in the first three days, gold has remained above the Bollinger middle track of the daily cycle, but the Bollinger band has not opened. If we see another wave of rise on Thursday, we will see the high point of 3405. Don't be overly bullish. The rise depends on whether the daily cycle can form a unilateral moving average rising trend. The support of the 10-day moving average below is near 3339. If it falls back to this point and continues to rise, breaking 3403, then the unilateral surge in the future market will come. It can be clearly seen from the 4-hour chart that the Bollinger has closed and the moving average has not diverged. The current oscillating upward trend is more obvious. It oscillates first and then looks at the upward trend. This is to emphasize that everyone should not chase the high and bullish at 3400. Then, today's high point is the upper track 3405, and the lower support is near 3332. Therefore, even if you are bullish today, you must wait for the decline to adjust to near 3335 to do more, and if the high point 3405 is not broken, you can consider trying to go short. Look for oscillation before non-agricultural data, and then look at the impact of non-agricultural data in the evening.On the whole, the short-term operation strategy for gold today is recommended to sell at rebound highs and buy at pullback lows. The short-term focus on the upper side is the 3380-3390 resistance line, and the short-term focus on the lower side is the 3340-3330 support line.Gold strategy:Buying range: 3340-3335, SL: 3330, TP: 3360-3370Selling range: 3380-3385, SL: 3390, TP: 3360-3350Key points:First support: 3340, second support: 3335, third support: 3325First resistance: 3380, second resistance: 3385, third resistance: 3395