Technical analysis by pips1000s about Symbol PAXG: Buy recommendation (6/14/2025)

📈 Technical Analysis Summary: 1. Chart Pattern: A potential ascending triangle is forming. Resistance near $3,445–\$3,446(horizontal zone). Higher lows forming (uptrend support line). You’ve drawn a bullish breakout projection* to around $3,468. 2. Key Levels: 🔺 Resistance Zone:$3,445 🔻 Support/Trendline: Rising from current price, starting around $3,427 🔺 Final Target Zone (TP): $3,468.27 ⚠️ Minor resistance: \$3,438.88 (acting as a short-term level) 3. Volume: Relatively low volume at the current candle, but spikes in previous bullish pushes suggest buyers are active. Geopolitical Impact: Middle East Crisis Current Escalation: Israel–Iran Israel's extensive airstrikes on Iranian nuclear & military installations have significantly increased global tensions Iran retaliated with missiles/drones, and regional airspace has been disrupted, raising fears of broader conflict . Safe-Haven Surge Gold climbed as much as 1.7%, hitting new record highs around $3,452–$3,456 Demand has accelerated to the point where gold is now overtaking U.S. Treasuries and dollars as investors’ top “risk-free” asset --- Trading Signal – Bullish Setup 🔹 Buy Entry (Long): Above $3,446 (on strong candle close and breakout confirmation) 🎯Take Profit (TP): TP1: \$3,455 TP2: \$3,468 TP3: \$3,500 Stop Loss (SL): Below \$3,435 (or slightly under the trendline, depending on risk appetite) Risk–Reward Ratio: Minimum 1:2 if entering near \$3,446 and targeting \$3,468 with SL below \$3,435. 🚨 Alternative Scenario – Fakeout Risk: If price breaks above \$3,446 but fails to hold, watch for a rejection candle and potential retracement back to the trendline near $3,428–\$3,432. That could offer a second buy opportunity at a discount, still targeting the \$3,455–\$3,468 range.