Technical analysis by KlejdiCuni about Symbol PAXG: Buy recommendation (6/16/2025)

Gold price crosses $3,400 due to geopolitical uncertaintyOn Friday, gold decisively broke through the $3,400 resistance zone, confirming a bullish wave. This upward movement was fueled by geopolitical tensions, as Israel launched an attack on Iran, followed by Iran’s retaliation targeting Tel Aviv. With the situation still unfolding, the potential for further escalation remains uncertain.Technical Analysis: Gold continues to show strength, and uncertainty surrounding the Middle East conflict may keep its price above $3,400 for the foreseeable future. This level serves as a pivotal zone, despite overbought conditions.Looking ahead, gold could climb further to $3,450, $3,470, and potentially retest the top of the structure near $3,490. After that, the next move will depend on how the geopolitical landscape evolves.You may find more details in the chart!Thank you and Good Luck!❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️