Technical analysis by Goldviewfx about Symbol PAXG on 6/1/2025

Hey Everyone,Here’s our latest weekly chart update. Once again, the Goldturn Channel continues to prove its reliability, with price action unfolding just as anticipated.Last update on this chart, we noted multiple failed attempts to break above the channel top, each confirmed by the EMA5 being unable to close through resistance. This led to a pullback as low as 3189, nearly touching the 3094 level right near the channel's half line, a key support zone we've been closely monitoring.This week, we saw the rejection from the channel top. The channel top gave the rejection into the lower 3281 axis level. Despite the drop, there was no close below 3281, which has provided continuous bounces on the smaller timeframes. Price action is now playing between the 3281 level and the channel top.We’ll be watching closely for a decisive break on either side to determine the next directional move. The 3387 gap also remains open and in play.As long as price remains above the channel half line and especially now above 3281, we will continue looking for dip buying opportunities on retracements, using our intraday levels for targeted 20 to 40 pip moves. If the price pulls back below these key levels, we’ll reassess for potential downside toward the lower boundary of the channel.This is exactly why we stick with our Goldturn Channel methodology, our proprietary system based on weighted averages. It cuts through the market noise, distinguishes real breakouts from fake outs, and empowers us to trade with confidence and clarity.Thanks again for your continued support, your likes, comments, and follows mean a lot.MR GOLDGOLDVIEWFX