Technical analysis by GoldenViewJake about Symbol PAXG: Buy recommendation (6/12/2025)

Although the daily line did not rise on Wednesday, there is a very obvious feature of the daily line cycle, that is, the middle rail of Bollinger has not broken, and multiple attempts have not changed this technical point. This is the support point for the short-term retracement and the defensive point for the long-term rise. As long as this point is not broken, gold will be firmly bullish. Today, gold will continue to look at the closing of the daily line. If it closes positively, the space above the daily line will open up, and the high point of 3400 can be seen directly.From a technical point of view, the daily line rose sharply on Wednesday and stood firmly above the middle rail of Bollinger. The moving average system diverged upward. In the 4-hour chart, the golden cross of the random indicator MA5-MA10 continued, which was good for intraday fluctuations and rises; MACD continued to hit the red kinetic energy column. In terms of form, it continued to rise slowly, which was a bullish signal; then it was strong and looked to rise to the high point of the upper rail of Bollinger near 3400. After this round of rise and pull-up, the Bollinger opened in the 4-hour chart. Today may be a unilateral trend, and the intraday support is near 3342. After adjusting to 3342 during the day, you can go long and look at the rising space today.On the whole, today's short-term operation strategy for gold is to buy on pullbacks and sell on rebounds. Gold strategy:Buy range: 3350-3345, SL: 3335, TP: 3370-3380Sell range: 3385-3390, SL: 3400, TP: 3370-3360Key points:First support: 3350, second support: 3345, third support: 3335First resistance: 3385, second resistance: 3390, third resistance: 3400