Technical analysis by Henrybillion about Symbol PAXG on 6/4/2025

Gold XAUUSD is currently in a strong uptrend, backed by both technical breakout and positive fundamentals. The price has decisively cleared the key resistance zone of $3,365–$3,370 and is hovering around $3,368. A healthy pullback to retest this zone could offer a high-probability long setup, with the next target projected at $3,470.On the macro side, renewed U.S.–China trade tensions—following Trump’s accusations and tariff threats—along with the ongoing Russia–Ukraine conflict, continue to fuel safe-haven demand for gold.https://www.tradingview.com/x/wDHj0TVO/Technically, the structure remains bullish. However, a breakdown below $3,335 would invalidate the current setup and may lead to a deeper correction.Let’s keep a close eye on this pullback zone. If momentum holds, gold could be gearing up for the next leg higher.Take care and trade smart