Technical analysis by The_Alchemist_Trader_ about Symbol PAXG on 6/12/2025

Gold continues to push higher in a powerful uptrend, approaching a fresh all-time high with strong bullish momentum. Technical indicators and market structure remain supportive of further upside, with a key Fibonacci extension target at $4,144 now coming into focus.Gold has maintained a robust weekly bullish trend, characterized by a clear sequence of higher highs and higher lows. Price action remains technically strong across all timeframes, and with price now pressing against previous all-time highs, the next move could either be a temporary consolidation or an explosive breakout into new territory.Key Technical Points- Trend Structure Remains Intact: Higher highs and higher lows dominate all major timeframes.- Moving Averages in Full Bullish Alignment: All key moving averages remain beneath price action, acting as dynamic support.- Point of Control Reclaims: Previous consolidations at volume highs have led to continued breakouts.- Fibonacci Extension Target at $4,144: This level represents the next major technical upside target if momentum persists.From a market structure standpoint, gold is in a textbook uptrend. There have been no breakdowns of prior swing lows, and each move higher has been followed by a constructive consolidation or higher low formation. This consistency reinforces the overall strength of the bullish trend.All major moving averages (MAs) — whether short-term (21 EMA), medium-term (50 SMA), or long-term (200 EMA) — are stacked beneath current price across all key timeframes. This configuration confirms strong trend alignment and dynamic support, giving buyers further confidence to hold or add on dips.One of the most bullish technical characteristics has been the repeated reclaiming of key volume zones, particularly the point of control (POC) within high-volume nodes. Price has consistently consolidated around these zones before breaking higher, indicating strong accumulation and controlled trend continuation.Additional Context: Fibonacci Target and Price Path:A Fibonacci extension measured from the recent swing low to the swing high projects a technical upside target of $4,144. This is a natural continuation level based on prior market rhythm and trend extension. If gold breaks its all-time high with conviction, this extension becomes the next likely area for price to reach, assuming bullish momentum continues.What to Expect in the Coming Price Action:As gold approaches its all-time high, two key scenarios are in play: a minor pullback for a new higher low, or an impulsive breakout toward the $4,144 Fibonacci target. Given the strength in structure and momentum, the path of least resistance remains to the upside — but traders should monitor lower timeframes for confirmation.