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

This video summarizes the key scenarios and technical outlook for Gold (XAUUSD) on the weekly timeframe, integrating both Fibonacci-based projections and macro fundamentals.Core SetupGold is currently positioned near the 161.8% Fibonacci extension (~$3,276).A breakout toward $3,500 is possible before a potential corrective move.Scenario 1: Bullish ContinuationGold breaks above $3,435 → rallies to $4300 → continues toward major Fibonacci targets:TP: $4,320, which is the Fibonacci level 261.8%Scenario 2: Correction FirstGold fails to hold above $3,435 → triggers a healthy correction to:TP1: $2,920TP2: $2,650If support 161.8% level holds in the correction zone, a renewed bullish phase is expected.Macro AlignmentCentral bank gold buying (notably BRICS) supports the long-term bid.Fed policy leaning dovish → tailwinds for gold.Inverse correlation with DXY:DXY below 98.95 → bullish for goldDXY above 100 → signals correctionEffect on AltcoinsIf correction is risk-on driven, capital may rotate into altcoins.If triggered by macro stress or USD strength, alts may fall alongside gold.This analysis offers a multi-scenario framework to navigate the next major moves in gold, with key levels to watch for traders, investors, and macro analysts alike.