Technical analysis by Mihai_Iacob about Symbol PAXG: Buy recommendation (6/11/2025)

1. Recap of Yesterday’s ViewIn yesterday’s analysis, I noted that Gold appeared to have built a strong floor around 3300, and while the 3340–3350 resistance zone was still capping the upside, the structure hinted at a potential breakout.2. What Happened Since?✅ Price once again rallied into resistance and was rejected.But here’s the key shift:🔹 This time, the drop only reached 3315, and it was quickly bought back.🔹 A new higher base around 3320 is now visible.🔹 Gold is already back into the resistance zone.3. Technical ImplicationThis evolving structure signals bullish pressure is building.Every dip is being bought higher than the last — a classic sign of demand stepping in.We are now closer than ever to a confirmed breakout.4. Trading Strategy📌 A clear break and close above 3350 = breakout confirmed🎯 Target: 3400 and above📉 Until then, buying dips into 3315–3320 remains my preferred strategy.5. Final ThoughtsThe yellow metal is coiling tightly under resistance.The higher floors are shouting one thing: buyers are in control.Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.