Technical analysis by Wick-Sniper about Symbol PAXG: Buy recommendation (6/15/2025)

Beyond the Headlines: Gold's Ascent Amidst Global Shifts & Key Technicals 🌐🚀Everything about the last week can be found here: https://www.tradingview.com/chart/XAUUSD/p6UDZ6MI-Turbulent-Week-Ahead-Gold-Outlook-June-9-13-2025/XAUUSD 💰📈We all know what's going on, I believe. Israel struck Iran 💥, and this conflict will likely take a bit before things cool down. 🥶---## Geopolitical News Landscape 🌍📰### Israel / IranSince June 12, Israel launched "Operation Rising Lion," targeting Iranian nuclear sites like Natanz and Esfahan – over 128 killed, Iran claims. 🇮🇷 retaliated with missile and drone strikes on Haifa and Tel Aviv, killing at least 10. 🚀**Outlook:** 🔥 Tensions are spiraling. Without urgent mediation, full-scale regional war remains a real risk. 💣### India / PakistanSince the May ceasefire, few clashes have occurred. However, both navies increased readiness, signaling potential escalation at sea. 🚢**Outlook:** ⚖️ Peace is fragile. A strategic dialogue is key to avoiding a renewed border or maritime conflict. 🙏### Gaza ConflictBetween June 7–15, Israeli strikes killed at least 41 Palestinians, including 8 near an aid center in Rafah. Over 55,000 total deaths, and famine is looming. 💔**Outlook:** 🆘 Gaza remains a humanitarian catastrophe. Global pressure for access and a ceasefire must intensify. 🕊️### Russia / UkraineJune 13–15: Russia returned the bodies of 1,200 Ukrainian soldiers in a rare POW swap gesture. 🤝 Fighting remains intense in Sumy and Toretsk; Russia hit a major oil refinery. 🏭**Outlook:** 🕊️ While symbolic moves continue, no peace is in sight – battlefield outcomes will shape diplomacy. ⚔️### U.S. - China Trade WarThe U.S. hiked tariffs to 55% on key Chinese goods. 🇺🇸🇨🇳 responded with 10% on U.S. imports. Talks yielded a partial truce, but military-use rare earths remain unresolved. 💻**Outlook:** 🔧 Tech remains the battleground. Without progress on critical materials, the trade war may deepen. 📉### Global Trade WarThe OECD revised global growth downward due to rising tariffs from the U.S. targeting 🇨🇳, 🇲🇽, 🇨🇦. Global trade volume is expected to shrink by 0.2–1.5%. 📉**Outlook:** ⛓️ Supply chain disruption is spreading. Global trade will stay under pressure without coordinated policy. 🌍➡️🌍### Trump vs. PowellTrump labeled Powell a "numbskull" for not cutting rates, suggesting he might "force something" if re-elected. 🗳️ The Fed maintains policy independence ahead of a critical June decision. 🏛️**Outlook:** ⚔️ Political pressure on the Fed is mounting. Expect more friction as the election cycle heats up. 🔥### U.S. InflationCPI rose 2.4% YoY in May (from 2.3%); Core CPI held steady at 2.8%. Monthly growth was modest at 0.1%. Key rises were seen in healthcare and vehicle prices. 🚗🏥**Outlook:** Inflation is stable but sticky. 🚦 The Fed will likely hold rates steady until clearer disinflation signals appear. 📊---## Technical View 📐📈### Market Structure:Gold shows a clear **bullish market structure** with higher highs and higher lows. ⬆️ Recent price action suggests we're in a strong uptrend with institutional buying pressure. 🏦### Key Levels:* The chart shows a significant low around the **$3,245 area** (marked as "Low") which could act as a key institutional support level. 💪* The current high near **$3,446** represents a potential institutional resistance zone. 🛑* Look for potential **order blocks** around the **$3,380-$3,400 range** where price consolidated before the recent breakout. 🧱### Fair Value Gaps (FVG):There appear to be several gaps in the price action during volatile moves, particularly during strong rally phases. These could act as future support/resistance areas. 📉📈### Gann Analysis:The price movement shows strong adherence to Gann principles:* The rally from the low follows a steep angle, suggesting strong momentum. 🚀* Key Gann angles would place support around the **$3,300-$3,320 zone**. 📐* The current price near **$3,436** is testing natural resistance levels based on Gann square calculations. 📏### Fibonacci Levels:From the significant swing low to the current high:* 23.6% retracement: ~$3,395 📉* 38.2% retracement: ~$3,370 📉* 50% retracement: ~$3,345 📉* 61.8% retracement: ~$3,320 📉The golden ratio levels suggest key support on any pullback would be around the **$3,370-$3,345 zone**. ✨### Institutional Levels:* **Weekly/Monthly Levels:** The **$3,400** and **$3,450** areas appear to be significant institutional levels based on round numbers and previous price action. 🏦💰* **Smart Money:** The accumulation pattern before the breakout suggests institutional participation. 🧠💡### Cycle Timing:Based on the timeframe (appears to be 30-minute bars from May 26-June 15):* We're seeing approximately **3-week cycles** in the major moves. 🗓️* The current rally phase appears to be in its mature stage. 🌳* The next potential cycle turn could be approaching, suggesting caution for new longs at current levels. ⚠️---### Trading Considerations:* Watch for rejection at current levels near **$3,446**. 📉* Key support confluence around **$3,370-$3,345** for potential re-entry. 🎯* Volume and momentum divergences would be critical for timing any reversal. 📊🔄Other indicators tend to show bullish scenario enhancements. 🚀Gold has formed a **Standard Bullish Flag pattern** over a time from early April till today. 🚩🐂Also, the structure of a **reverse Head & Shoulders** is existing and has broken the neckline! 🔄🗣️Another indicator is an existing "**Ascending Bull Flag**." ⬆️🚩Please take the time to let me know what you think about this. 💬-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊