Technical analysis by Moon-ForexAcademy about Symbol PAXG: Buy recommendation (6/16/2025)

XAU / USD trend forecast JUNE 16, 2025⚠️Gold (XAU/USD) gains traction around the $3,445 mark in early Asian trading on Monday, climbing to its highest level in over a month amid growing geopolitical tensions in the Middle East and increasing expectations of a Federal Reserve (Fed) rate cut.Market participants largely brushed aside Friday’s strong US economic data. The University of Michigan reported that its Consumer Sentiment Index improved significantly in June, rising to 60.5 from 52.2, surpassing the projected 53.5.Heightened concerns in the Middle East, following Israel’s strike on Iran, continue to support demand for Gold—a traditional safe-haven asset. Iranian authorities emphasized they would “respond decisively to any reckless actions” by Israel.⚠️ The war is tense, gold price continues to increase, waiting to break the short-term trend line and approach 3490🚨/// SELL XAU : zone 3488-3491SL: 3496TP: 50 - 100 - 300pips ( 3461 )🚨/// BUY XAU : zone 3407-3404SL: 3399TP: 50 - 100 - 300pips ( 3434 )Safe and profitable trading