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

Gold’s strong bullish momentum has extended from the London session into the US session, invalidating our previous expectations. Our outlook has now shifted decisively to the upside for the yellow metal.We are targeting an initial move to $3,500, with the potential for a new all-time high beyond that level.However, we anticipate a short-term pullback to retest the falling trendline — now acting as support — before resuming its upward trajectory.From the Trading Desk of InvestmentLive