Technical analysis by Labaron about Symbol PAXG: Sell recommendation (6/9/2025)

⭐️Gold information: Gold prices (XAU/USD) stabilized near $3,310 in early Asian trading on Monday, and gold prices struggled to gain momentum against the backdrop of renewed strength in the U.S. dollar (USD). As of press time, gold was around 3315 points. Although the strengthening U.S. dollar posed resistance to gold, lingering uncertainty surrounding President Trump's tariff strategy continued to provide some support for it. On Friday, optimistic labor market data boosted the dollar and put pressure on dollar-denominated assets such as gold. The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls increased by 139,000 in May, exceeding expectations of 130,000 and exceeding the revised 147,000 (originally 177,000) last month. The stronger-than-expected employment report dampened hopes for a near-term rate cut by the Federal Reserve and weighed on the appeal of gold prices.⭐️Set gold price:🔥Sell gold area: 3348-3350 SL 3355TP1: $3340TP2: $3330TP3: $3320🔥Buy gold area: $3281-$3279 SL $3274TP1: $3292TP2: $3300TP3: $3315