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

There is no good entry point to participate in the transaction at present, but the highlight of today is the NFP market, so there is no need to rush to enter the market when there is no trading opportunity.Although gold rebounded slightly after touching 3340 overnight, to be honest, the rebound strength is far less than expected, and as long as gold remains below 3365-3375, gold will remain weak in the short term, so I think gold still has room to fall. First, pay attention to the support near 3330, followed by the support near 3310. However, in trading, we must pay attention to guard against the trend of falling after rising in the NFP market.Trading strategy:1. Consider continuing to short gold in the 3375-3385 ​​area, TP: 3360-3350;2. Consider trying to go long gold in small batches in the 3325-3315 area, TP: 3340-3350Bros, the gold rebound is not strong enough, and the rise of DXY will also suppress gold to a certain extent. So we can still try to short gold in small batches. Remember to set SL in the transactionBros, I have just made it clear that we can still continue to short gold. I and all VIP members shorted gold near 3358. Although gold once rebounded to around 3362, it continued to fall due to pressure. The current lowest has reached around 3336, successfully hitting TP: 3345. Once again, we easily made a profit by hitting TP in the short trade, and got 130pips of profit again. Congratulations to all VIP members.