Technical analysis by PersaGold about Symbol PAXG: Buy recommendation (6/1/2025)

As illustrated, I’m visualising the next potential bullish continuation impulse that would take gold near the $4000 projected price.In this idea, the path projected is based on the breakout of a rising symmetrical triangle that price formed; a strong bullish pattern that tends to be very effective when price successfully breaks out with strength.On a fundamental aspect, things continue to hold the yellow metal on a positive route to maintain its bullish momentum and direction. Fed rates decision is getting close, and that is just the tip of the iceberg that’s going to move gold to record highs within weeks.A key and major pivot area is near the $3200 - $3250 price range; so it’s possible we have one more attempt to break $3200. —GOOD LUCKpersaxu--With an apparent "cease fire" between Iran-Israel, gold has starting to make a bearish discount move. I personally don't believe this to be anything but market manipulation to get price cheaper for a longer time buy, simply because ONE single news or event from ONE single "conflict" , DOES NOT take away or erase all the other problems that the US and the world are in... My first personal re-entry zone: 3275 / 3270 Extended re-entry zone: 3255 - 3235