Technical analysis by ClaudeEddie about Symbol PAXG: Sell recommendation (13 hour ago)

Gold News Analysis: During the American trading session on Friday (June 6), gold continued its light decrease in the immediate market, and ended the week at about 3309. Gold rose and fell on Thursday. Earlier, silver exceeded the level of $ 35, recording its highest level in 13 years, prompting gold prices to exceed 3400 dollars, recording its highest level in four weeks at about 3403.28 dollars. However, due to the signal of reducing the trade tensions issued by the leaders of the United States and China during the call, the instant gold price was closed by 0.6% at 3352.65 dollars. The market began to move towards the upcoming non -agricultural job data and trends of federal reserve policies. On June 5, the call between US President Trump and Chinese leaders became the focus of the global financial markets attention. Trump told social media that the two sides have reached a "very positive result" on commercial issues, while Chinese officials stressed the need to withdraw negative measures against China. The market explained this rare dialogue between the leaders as a sign of the melting of trade tensions, which weakened the attractiveness of gold as a safe origin, causing the immediate gold prices to 3,352.65 dollars after it reached the highest level during the day at 3,403.28 dollars. Nevertheless, gold rose by 28 % this year, indicating strong demand amid global uncertainty. Analysts indicated that mitigating trade tensions has a direct impact on the performance of safe haven assets. The decrease in gold prices reflects optimistic market expectations regarding the progress of Chinese -American trade negotiations. Based on the current trend of gold, the market will continue to decrease next week; The decline is not as strong as expected, see first to fill the gap near 3,290, then see the range from 3,260 to 3,250, and provide specific points after updating the indicators on Monday; Focus on pressing near 3,330-3,335 next Monday, looking at open-sales ideas, and giving specific operating suggestions on Monday.