Technical analysis by SroshMayi about Symbol PAXG: Buy recommendation (6/15/2025)

GOLD – OVERVIEWCommodities, particularly gold, are experiencing strong bullish pressure due to escalating tensions between Israel and Iran. With no signs of negotiation or de-escalation, the ongoing conflict continues to fuel safe-haven demand. As long as geopolitical risks remain elevated, bullish momentum in commodities is expected to persist.Technical Outlook:Gold maintains a bullish structure as long as it trades above 3404. Holding above this level supports a continuation toward the ATH at 3486, with potential extensions to 3529 and 3560. A retest of the 3404 support remains possible, and an opening gap toward 3486 cannot be ruled out. Overall, the prevailing trend remains upward.A bearish scenario would only be valid if tensions in the Middle East ease significantly or if negotiations between Israel and Iran begin.Key Levels:• Pivot: 3431• Resistance: 3486, 3529, 3560• Support: 3404, 3381, 3347