Technical analysis by KlejdiCuni about Symbol PAXG: Sell recommendation (6/11/2025)

GOLD: In-Depth Technical and Fundamental AnalysisIn this video, I provide a detailed explanation of why Gold may resume its bearish movement, analyzing both fundamental and technical perspectives.You May Watch The Video For Further Details!Thank you!📣Gold Market RecapDespite the release of US CPI data yesterday, gold did not rise. In fact, it declined to $3320. Later in the evening, gold surged to a new high of $3378 following reports that Israel is fully prepared to launch a military operation against Iran. US officials have expressed concern over the strong likelihood of an Israeli strike targeting Iranian military facilities. In response, the US diplomatic mission in Iraq began an emergency evacuation of its diplomats, while preparations are reportedly underway to evacuate military personnel from Kuwait and Bahrain.⚠️What’s particularly puzzling is that this morning, gold dropped sharply from $3378 to $3338.50 without any apparent news catalyst. A similar pattern is unfolding in oil and forex markets, which are showing extreme volatility in the absence of fresh headlines.⚠️This kind of movement is highly unusual—not typical price action—so for now, it may be wise to stay on the sidelines until we have a clear market again and to understand what is happening.📣GOLD:Markets in Turmoil Amid Geopolitical FearsThe crazy movements across all the charts are rising further. The economic calendar is almost empty. The news that The U.S and Israel may attack Iran is pushing all the market in a crazy way up and down. Looks like this volume started the movements before the news came out as it was acting strange. Also today morning GOLD declined from 3378 to 3338.50 without any reason. Only manipulated movements. If GOLD will continue to follow the news it should rise further and we are in a new bullish wave that may extend to 3400; 3430 and 3490 This is not a normal market activity. The Geopolitical tension in the middle east is raising more and we are not in the same situation as yesterday. ⚠️Be careful only if Trump comes out with any new statement that they agreed with Iran about any Uranium deal as it could change everything upside down. He is acting in irrational ways to reach his deals.📣GOLD: Price Outlook🎯Two Bullish Targets Reached as explained above from the new updatesYesterday gold paused above 3378 and did not fall further. This area was very strong and critical for the gold price.The news that the war has started pushed gold higher.Gold and oil are rising rapidly today. Gold is normal as long as it is a safe asset. Gold is expected to rise further to 3470 and 3500 as a minimum.🚨NEWS:During the early hours of European morning Iran has launched an attack on Iran. US warned Iran not to target U.S. interests or personnel and President Trump distanced himself from ally Israels”. However the U.S is supporting the operations according to FT.From the reports looks likely that that Israel eliminated the top echelon of the Iranian military. These operations were designed to damage Iran's strategic missile array and air defense capabilities.