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

The ADP Non-Farm Employment Change report for today showed a surprising decline of 33,000 jobs, well below the forecast of a 99,000 forecast and down from the previous month’s modest gain of 29,000 jobs.Key Details:This negative figure indicates that private businesses in the US shed 33,000 jobs in June, marking a contraction in private-sector employment—the weakest report since March 2023.The report is produced by the ADP Research Institute, which uses anonymized payroll data from about 26 million workers to estimate private-sector employment changes ahead of the official government Non-Farm Payrolls (NFP) report.The decline reflects ongoing uncertainty among employers amid policy and economic challenges, including tariff impacts and consumer caution.Market Implications:The unexpected job losses may raise concerns about the health of the US labor market and the broader economy.This data could increase expectations for Federal Reserve rate cuts or a more dovish stance, potentially weighing on the US dollar and boosting safe-haven assets like gold and silver.However, the ADP report often diverges from the official NFP, so markets will closely watch the upcoming government jobs data for confirmation.In summary:June’s ADP report revealed a contraction of 33,000 private-sector jobs, far below expectations, signaling caution in US labor market hiring and adding uncertainty to the economic outlook ahead of the official payrolls release.#gold #xauusd