Technical analysis by ProjectSyndicate about Symbol PAXG: Buy recommendation (6/12/2025)

📊 Top 10 Stats of the Current Gold Bull Market (2025)1.🥇 Gold price per ounce: Around $3,338–$3,364, with a recent all-time high above $3,500 in April 20252.📈 Year-to-date gain: About +29% in 2025 so far, after a +30% gain in 20243.🏦 Central bank buying: More than 1,000 tonnes bought for the fourth straight year, reserves near record levels4.🔒 Inflation hedge: Strong inverse correlation with real yields; high demand driven by inflation and geopolitical worries5.📊 Gold vs S&P 500: Both reached new highs together; gold is up about 27% YTD while the S&P 500 is up only around 2%6.💍 Jewellery demand: Global gold jewelry demand is down about 9% in 2024, projected to drop another 16% in 2025 due to high prices7.⚖️ Gold-to-silver ratio: Now around 94, down from a peak of 105—showing silver is regaining ground8.🏅 Record closes: More than 40 record daily closes for gold in 2025, prices consolidating around $3,290–$3,4009.🏛️ Technical breakout: Broke out of a 13-year “cup-and-handle” technical pattern in March 202410.🔮 2025 forecasts: Predictions range from $3,600–$4,000 by Q2 2026, with some expecting as high as $4,500 if risks rise________________________________________🔄 How This Gold Bull Market Compares to Past Bull Markets1️⃣ 1968–1980 Super Bull•🕰️ Gold climbed from ~$35 to ~$850, a massive 2,330% gain over 12 years•🔥 Driven by double-digit inflation, end of the gold standard, and political turmoil•⚠️ Huge corrections, including a nearly 45% drop in 1974–76, but rapid rebounds2️⃣ 1999–2008 Bull Market•💹 Gold surged from ~$252 to ~$1,023 (about +305%) in 9 years•🚀 Fueled by the commodities supercycle and concerns about global imbalances•📉 Big correction during the 2008 financial crisis, but gold rebounded fast3️⃣ 2018–2025 (Current Cycle)•⏳ Gold broke out in 2024 from a 13-year sideways base•💥 Up nearly 200% from the 2018 lows to over $3,500•🏦 Central banks are the biggest buyers, unlike earlier cycles•🛡️ Corrections have been milder—2022 saw only a 20% drop•🏃‍♂️ Fast recovery: new highs reached within months, not years________________________________________📊 Quick Comparison TableMetric1968–80 Super Bull1999–2008 Bull2018–2025 Current🚀 Total Gain~2,330%~305%~200% so far⏲️ Length12 years9 years7 years so far💔 Biggest Drawdown–45% (1974–76)–30% (2008)–20% (2022)🏦 Central Bank RoleModerateEmergingDominant📉 Correction SpeedYears to recover4 yearsMonths🏛️ Technical PatternSecular breakoutMultiple peaksBroke 13-yr base________________________________________🧭 What Makes the Current Bull Market Unique•🏦 Central banks are setting the pace with record-breaking demand•🩹 Corrections are less severe and recoveries are quicker•📈 Gold is rallying alongside stocks, which is rare historically•🏛️ The breakout from a 13-year consolidation signals strong structural support•🔮 Major forecasts predict further highs through 2026, suggesting this may become one of the strongest cycles everPlatinum 10 years accumulation 2 000 USD Overview of CatalystsUpdate of the Bullish/Bearish Catalysts for Gold pricesIntraday Gold Trading System with Neural Networks: Step-by-StepTop 10 Small-Cap Biotechs with Upcoming Catalysts for 2025GOLD H4 Update: Bulls will target 3600/3750 USD Market UpdateGBPUSD H1 compression BUY/HOLD TP1 +100 TP2 +200 pips low riskGold Market Update: Bulls Will target 3750 USD after 3500 USD