Technical analysis by ActuaryJ about Symbol PAXG: Buy recommendation (7/2/2025)

Gold technical analysisDaily chart resistance 3400, support 32504-hour chart resistance 3355, support 33001-hour chart resistance 3345, support 3325After gold adjusted to 3247, bulls launched a counterattack. This position is the 0.618 support from 3121 to 3451. It rose by $100 in two trading days. Bulls are still strong. Although the war is sometimes tense and sometimes relieved, the global geopolitical environment and economic environment are continuously getting worse step by step. This support logic has never changed. Even if it is temporarily relieved, gold will usher in a correction, but it is only a correction. Overall, the fundamental logic of the bull market has not changed.Gold price reached 3358 and then fell back. Today, it fell below 3336 and continued to fall. The support point below is around 3325/3310. It continues to rise after the fall. It is necessary to pay attention to the specific point where it will stop falling and stabilize during the trading session. As far as the current market is concerned, it hit 3328 today to stop falling and rebound, and temporarily held the support position of 3325. It is bullish based on this position. There are ADP data today and NFP data tomorrow. Pay attention to the impact after the data is released.BUY:3330nearBUY:3300nearOK Today's strategy of buying around 3330, the lowest is only 3334. But the strategy of buying on dips remains unchanged.