Technical analysis by Market_Trader about Symbol PAXG on 12 hour ago

Gold began to make technical adjustments after hitting a high of 3578 in the U.S. market on Wednesday. After the opening of the Asian market on Thursday, gold fluctuated downward, hitting a low of around 3511 before starting to rebound. The daily line is still in a weak form, but in the continuous upward market, a small pullback is a technical repair. After the release of ADP data on Thursday, the market continued to fluctuate at a high level, and the price of gold did not develop a new trend due to the data. Judging from the current gold trend, the short-term support below is around 3525, and the second focus is on the early Asian market pullback position of 3510. 3500 is the last line of defense for the bulls. If it falls below this position, the overall trend will most likely change. The short-term bullish trend line is 3500. Ahead of Friday's non-farm payroll data release, the daily chart stabilizes above this level and continues to support pullbacks. Trading strategy: Go long on a pullback near 3535, add to your position at 3325, set a stop loss at 3515, and expect profit margins of 3350-3360-3370.