Technical analysis by TP_Daniel about Symbol PAXG: Buy recommendation (6/21/2025)

The trend of gold on Friday is still in line with my analysis. Before the market opened, I suggested that gold would rebound from the bottom. Considering the resistance level, I would arrange short orders with a light position. I clearly emphasized that I should not chase short orders at low levels. The actual market price fluctuated upward after hitting the 3340 line at the lowest point, and maintained a range-bound fluctuation pattern as a whole. We arranged long orders in batches at 3342-3353, successfully stopped profit near 3358, reversed shorting, and stopped profit again at 3342. After that, the market hit the top again and was blocked. Short orders were arranged at 3370-3375. It is not recommended to hold positions over the weekend. I have already left the market with a small profit near 3365. Although there was no significant breakthrough, all ended with profit, but it was quite satisfactory for Friday's market.News: Gold prices were stable on Friday, but fell 1.8% this week. It closed at 3368. The latest Federal Open Market Committee (FOMC) statement reinforced the Fed's cautious stance, keeping interest rates in the 4.25%-4.50% range. However, the statement also lowered the number of expected rate cuts this year, which put downward pressure on gold prices. In addition, U.S. Treasury yields did not change much but rose slightly, reflecting the stabilization of market risk sentiment. The 10-year Treasury yield rose by more than 2 basis points to 4.421%, and the 30-year Treasury yield rose to 4.924%. Rising yields often put pressure on non-yielding assets such as gold, further suppressing the upward momentum of gold prices. The Fed's failure to immediately launch an easing policy, coupled with a stronger dollar and a reduced urgency of geopolitical risks, have all exacerbated selling pressure. Unless tensions escalate again or the Fed unexpectedly turns, short-term gold price forecasts point to further weakening.Gold price rebounded from the historical high of 3500 to 3120 in this round. After continuous rise, due to the decline of risk aversion in the market, it fell under pressure at 3452. It rebounded to 3340 on Friday. The K-line combination arrangement was bearish. The 4H chart showed a stop-loss signal. It is expected that the market will consolidate below 3400 in the short term. In the medium term, attention should be paid to the geopolitical crisis and the July interest rate decision of the Federal Reserve. It will break through the node after confirming the upper resistance of 3400. In the short-term 4-hour chart, the lower support is around 3340-3345, and the upper short-term resistance is around 3380-3385. Focus on the suppression of the 3400-05 line. The overall idea of ​​​​retracing back to long positions remains unchanged, and the middle area is mainly kept on the sidelines. Be cautious in chasing orders and wait patiently for the key points to be confirmed before intervening. If the upper resistance is not broken, you can still consider light positions to arrange short orders, and pay attention to the bottom for the specific entry point.