Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (6/14/2025)

✍️ NOVA hello everyone, Let's comment on gold price next week from 06/16/2025 - 06/20/2025⭐️GOLDEN INFORMATION:Gold prices surged for a third straight session on Friday as geopolitical tensions flared following Israel’s military strikes on Iranian targets, including nuclear facilities and key leadership. The escalation sparked a broad risk-off move across global markets, fueling demand for safe-haven assets. At the time of writing, XAU/USD trades at $3,422, marking a gain of over 1% on the day.The yellow metal briefly soared to a five-week high of $3,446 before paring gains, as traders took profits ahead of the weekend. The geopolitical unrest, combined with dovish signals from recent US inflation data, has reinforced expectations that the Federal Reserve could begin cutting interest rates later this year—despite improving consumer sentiment. Together, these dynamics continue to support the bullish momentum in gold.⭐️Personal comments NOVA:Military tensions continue next week, which is a big boost for gold prices to continue rising above 3500.🔥 Technically:Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:Resistance: $3488, $3502, $3562Support: $3382, $3342🔥 NOTE:Note: Nova wishes traders to manage their capital well- take the number of lots that match your capital- Takeprofit equal to 4-6% of capital account- Stoplose equal to 2-3% of capital account- The winner is the one who sticks with the market the longest