Technical analysis by Risk_Adj_Return about Symbol PAXG: Buy recommendation (6/8/2025)

Gold | Long Bias | SPX & Silver Ratio Support + VWAP Zone | (June 8, 2025)1️⃣ Insight Summary:Gold is holding strong at a key value area high while the gold/SPX and silver/gold ratios suggest we're entering a new phase of consolidation before the next leg up. Despite some calling for downside, the technicals point toward accumulation and a potential breakout.2️⃣ Trade Parameters:Bias: LongEntry Zone: Current VWAP + value area high support zone (around $3,235)Stop Loss: Slightly below the VWAP consolidation rangeTP1: $3,316TP2: $3,400 (final target for this wave)3️⃣ Key Notes:✅ Support Zone: We’re bouncing off a strong area of confluence — VWAP + value area high. This has held well and suggests accumulation rather than distribution.📊 Gold/SPX Ratio: Shows gold is holding or gaining relative to equities — signaling investors are hedging risk and positioning for possible volatility or correction in SPX.⚖️ Silver/Gold Ratio: Points to silver undervaluation — and historically, when this ratio tightens, silver often outperforms in the later phases of a gold rally.📉 Expectations: A slight dip or fakeout to trap shorts is still possible before continuation. Watch closely for how price behaves during this potential flush.💡 Alternative Play: You mentioned it — silver could be the better value buy in this scenario. Same macro thesis, but higher upside % if the ratio rebalances.4️⃣ Follow-Up:Monitoring for confirmation of support at VWAP and watching both ratio charts. If silver continues to strengthen relative to gold, I may scale more into silver positions over gold.Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.