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

Having broken triangle resistance stemming from the record highs and cleared horizontal resistance at $3367, things are once again looking bullish for bullion. Add in renewed upward momentum in RSI (14) and a bullish MACD crossover, and the preference remains to buy dips and topside breaks.$3367 now looms as a key level to build bullish setups around, offering a logical area to establish longs with a stop beneath for protection. It would be preferable to see gold retest and bounce off $3367 before entering the trade.$3434 screens as an initial upside target, with a clean break likely to put gold on a collision course with the record highs at $3500.Good luck!DS