Technical analysis by Ashbur about Symbol PAXG: Sell recommendation (6/8/2025)

Gold's Price Movement on Friday (Non-Farm Payrolls Day)During the day, gold traded in a range-bound pattern. After opening at around 3,354, it surged to a high of 3,375 but came under pressure and entered a (sideways-to-downward) trend. Despite the bearish Non-Farm Payrolls data released at night, gold did not immediately decline. Instead, it traded sideways for a period before rebounding to a high of 3,363, after which it started to drop. Gold closed the week with an inverted hammer candlestick pattern. From a technical perspective, the preferred strategy for next week is to fade rallies (sell on rebounds).Key Levels for Next Week's OpeningSupport: 3,288–3,295Resistance: 3,338–3,345Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.Trading Strategy:buy@3290-3295TP:3320-3330