Technical analysis by ProjectSyndicate about Symbol PAXG: Buy recommendation (6/9/2025)

📉 Gold Holds Steady: Prices are hovering around $3,310–$3,330/oz, restrained by mild USD strength and U.S.–China trade optimism.🤝 Trade Talks Influence: Rising optimism ahead of U.S.–China discussions has reduced safe-haven demand, keeping gold subdued.📊 Technical Watch: Gold is testing the $3,300 mark, with support around the 20‑day SMA—failure to hold could spark a dip toward $3,265.🔮 Resistance Challenge: Bulls face a tough fight near $3,350–$3,377; a breakout above this could clear the path to $3,500.💼 U.S. Labor Data: Recent strong jobs numbers (May +139k) have tempered expectations of early rate cuts, supporting the USD and pressuring gold.💰 ETF & Investment Trends: ETF inflows remain firm; a recent Kitco survey shows mainstream and retail investors growing more bullish.🌍 Safe‑Haven Sentiment: Geopolitical and economic uncertainties (e.g., trade, weak U.S. data) continue to lend underlying support to gold.⚖ Range-Bound Near Term: Expect consolidation between $3,300–$3,350 as markets await U.S. CPI and further trade news.📉 Bearish Short‑Term Bias: Syndicate notes a neutral-to-bearish setup—momentum indicators like RSI and stochastics remain soft.🏠 Med-Term Outlook Bullish: Despite near-term volatility, fundamentals and technical trends favor a gradual climb toward $3,500+ this year.📊 Technical Outlook Update🏆 Bull Market Overview▪️pullback in progress currently▪️3500 USD heavy resistance▪️Re-accumulation in progress now▪️focus on buying low selling high▪️Expect re-accumulation into June▪️Downside capped by 3 200 USD▪️short-term expecting range action▪️Bulls still maintain strategic control⭐️Recommended strategy▪️Accumulate in range▪️Closer to 3.2K S/R zone▪️Bears focus on selling highPlatinum 10 years accumulation 2 000 USD Overview of CatalystsTOP 10 Stats of the Current Gold Bull Market in 2025 and OutlookUpdate of the Bullish/Bearish Catalysts for Gold pricesIntraday Gold Trading System with Neural Networks: Step-by-StepAutomate Gold Trading with Machine Learning and LLMS: FULL GuideTop 10 Small-Cap Biotechs with Upcoming Catalysts for 2025GOLD H4 Update: Bulls will target 3600/3750 USD Market Update🚨 Market Alert: Israel-Iran Conflict Impact Forecast 📈🔴 Worst-Case Scenario: Regional War + U.S. Military Involvement🚢 Oil (Brent): Soars to $150–$200+ if Strait of Hormuz closes🥇 Gold: Skyrockets to $4,500–$5,000 (safe-haven rush)₿ Bitcoin: Initial volatility; settles at $80k–$100k📉 SPX: Crashes to 4,000–4,500💻 NDX: Drops sharply to 15,000–16,000🟠 Base-Case Scenario: Protracted Tension, No Major Disruption🛢 Oil: Stabilizes at elevated $75–$95, occasional spikes🥇 Gold: Moves higher, trading $3,500–$3,800₿ Bitcoin: Trades steady, $90k–$110k range📊 SPX: Pullback moderate, around 5,200–5,500💻 NDX: Moderately lower, 18,000–19,000 range🟢 Best-Case Scenario: Diplomatic De-Escalation🌊 Oil: Eases down to $65–$75🥇 Gold: Mild decline, holds at $3,300–$3,500₿ Bitcoin: Positive sentiment, lifts to $100k–$120k📈 SPX: Slight dip; stays strong near 5,800–6,200💻 NDX: Minor correction, remains high at 20,000–22,000