Technical analysis by BenMcyInsights about Symbol PAXG: Buy recommendation (6/2/2025)

🏪 1. Market StructureGold has reignited its bullish momentum this week. - Clean breakout of the bearish trendline that had been capping prices for several sessions. - Rally followed a retest of a 1H IFVG and the OTE zone (retested last week) + POI. 📍 2. Key Technical Zone- Price is now approaching a crucial Supply Zone around $3,360–$3,380, which represents the next resistance barrier. 🧠 3. Sentiment & Behavior- The structure resembles an Accumulation → Clear Breakout → Retest → Expansion sequence. - The 4H RSI is climbing without being overbought, suggesting continuation potential. 🎯 4. Probable Scenario- As long as price stays above $3,320, the bullish scenario remains intact. 🚀- If the Supply Zone is cleared, the next target lies near $3,450–$3,500, with potential extension to a fresh ATH. 🏆✅ ConclusionGold has regained short-term control. The structural breakout + intraday bullish momentum support a northward push. 🔔 Remain vigilant for macro catalysts (US inflation data, geopolitical tensions) that could propel gold even higher this week. 🌍