Technical analysis by teconlab about Symbol PAXG: Buy recommendation (6/13/2025)

🔍 Key ObservationsUptrend Structure:Gold remains in a rising channel (higher highs, higher lows).$3265 flipped from support to springboard for continued upside.$3365–$3375 has held as a solid support zone.Resistance Levels:💠 $3400 – psychological barrier and channel resistance.💠 $3480 – upper channel boundary, long-term target.💠 $3490 – historical ATH, may trigger pullbacks.Macro/Geopolitical Drivers:Israel–Iran tensions and soft U.S. data boost safe-haven demand.Central bank accumulation reinforces bullish case.Bearish Contingency:Failure to break $3432.57 (double top) could pull price down to:🔻 $3384.83 – intermediate support🔻 $3270.06 – final downside target📈 Trade Setup – Bullish Continuation📥 Entry Zones:$3377–$3380 support area (pullback entry)OR $3400 breakout confirmation (high-volume thrust)⛔ Stop-Loss:Below $3350 to guard against fakeouts🎯 Take-Profit Targets:TP1: $3444.75TP2: $34458.44TP3: $3472.14TP4: $3490 (ATH zone)📊 Risk/Reward:Favorable 3:1 (e.g., risking $25 to gain $75 from $3375 entry)🔑 Key Levels to WatchResistance: $3400, $3432.57, $3456, $3480, $3490Support: $3384.83, $3375, $3340, $3319🧭 Sentiment & Volume CuesBullish Confirmation:Volume spike above $3365–$3400Continued soft US data / geopolitical fearBearish Signals:Weak breakout at $3432.57Breakdown below $3384.83 with low volume✅ SummaryGold maintains bullish structure. Look for long entries around $3375–$3384.83 or wait for a strong breakout above $3400. Use tight stops and monitor both technical levels and macro triggers.🛑 Disclaimer: Trade with proper risk management. This analysis reflects technical outlooks and may change based on real-time events.T1 is hitHere are new updates from TeconLab AI Mentor Platform which wanted to share with you:🔹 Market Context:Gold remains in a strong uptrend, fueled by geopolitical tensions (Israel–Iran, Ukraine), central bank demand, and cooling U.S. inflation. Safe-haven buying is pushing prices near the ATH of $3,500, with recent highs at $3,446.8.🔹 Key Levels:Support: $3,395 / $3,380 / $3,340Resistance: $3,400 / $3,432.57 (double top) / $3,444–$3,456 / $3,500Targets: $3,500 short-term | $3,600–$3,700 long-term🔹 Technical Setup:RSI: Overbought (61–66) → possible pullbacksMACD & MAs: Bullish alignmentVolume: Rising above $3,365 supports continuation🔹 Scenarios:Bullish: Break above $3,400 → Test $3,444–$3,456 → $3,500 possibleBearish: Rejection at $3,432.57 → Pullback to $3,380 or lower🔹 Trade Ideas:Buy the dip: $3,395–$3,405 → TP $3,425–$3,440Breakout entry: Above $3,400 with volumeShort setup: Rejection near $3,444 → Stop above $3,456🎯 Risk–Reward Tip: Aim for 3:1 ratio. Protect long entries below $3,350.🛑 Watch for:De-escalation in global conflictsSurprise U.S. macro dataDXY rebound pressure📌 Summary: Gold is bullish with $3,500 in focus. Pullbacks remain buyable above $3,380, but stay alert for shifts in sentiment or geopolitical developments.📎 For educational purposes only. Use proper risk management.