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

🏆 Gold Market Mid-Term Update (June 16, 2025)📊 Price & Technical OutlookCurrent Spot Price: around $3,414 Technical Setup * Gold consolidating above major support at \~\$3,180–3,200 * Testing resistance at \~\$3,380–3,400; breakout could push toward \$3,600 * Recent price action considered a healthy consolidation with upside potential🏆 Bull Market Overview* Pullback likely complete; supported by strong geopolitical and macro tailwinds* Key price levels: \$3,000 / \$3,200 / \$3,400 (resistance near \$3,400)* Bullish target: \$3,600, with further upside possible if momentum holds* Short-term dips remain buying opportunities—“buy the dip” remains favored⭐ Recommended StrategyBUY/HOLD: Continue to accumulate on dips, using \$3,200–3,300 as entry zonesTarget: Maintain bull target at \$3,600, with breakout opportunity above \$3,400🏦 Macro & Market DriversFed & Central Bank Outlook* Investors positioning for possible Fed rate cuts later this year, likely totaling around 75 bps by end of 2025* Ongoing dollar weakness supports goldGeopolitical Tensions* Middle East unrest, U.S.–Iran dynamics, and global evacuations are fueling safe-haven demand for gold* Continued volatility in global hotspots likely to keep gold elevatedRisk Appetite & Market Behavior* Both stocks and gold are climbing—an unusual “optimism + fear” scenario* Central banks, especially in China, India, and Turkey, have been strong gold buyers in 2025* Speculative positions in gold futures remain highU.S.–China & Trade Tariffs* Unresolved U.S.–China tariffs and tensions continue to support gold* Any easing in trade friction could temper gold’s advance📰 Latest Market Sentiment* Wall Street remains bullish on gold for the upcoming week, though some caution persists ahead of the upcoming Fed meeting* Macro environment is seen as supportive for gold and other precious metals* Gold’s rally is positively influencing the broader precious metals market🌏 Demand Themes* **Asian Buyers**: China may relax gold import quotas to manage currency, while India demand remains strong though can be seasonally slower* **Central Banks**: Over 240 tonnes of gold added in Q1 by central banks, with China and India as top buyers⚠️ Risks & Watchpoints* Fed surprises: A more hawkish tone at the next meeting could push gold back toward \$3,200–3,300* Geopolitical breakthroughs: Any stable resolutions could reduce safe-haven demand* Large speculative position unwinds could create short-term volatility🔎 Mid-Term Outlook Summary| Scenario | Support | Resistance | Catalysts || --------- | ------------- | ---------- | ----------------------------------- || Base case | \$3,200–3,300 | \$3,400 | Rate cut expectations + geopolitics || Bull case | Above \$3,400 | \$3,600+ | Escalating risk, dovish Fed || Bear case | Below \$3,200 | — | Hawkish Fed, easing global tensions | ✔️ Final Take* Technical and fundamental momentum supports a continued bull phase with key target at \$3,600* Best strategy: accumulate on dips between \$3,200–3,300* Key factors to watch: Fed’s next move (June 17), Middle East developments, U.S.–China trade actions, central bank buying🚨 Market Alert: Israel-Iran Conflict Impact Forecast 📈🔴 Worst-Case Scenario: Regional War + U.S. Military Involvement🚢 Oil (Brent): Soars to $150–$200+ if Strait of Hormuz closes🥇 Gold: Skyrockets to $4,500–$5,000 (safe-haven rush)₿ Bitcoin: Initial volatility; settles at $80k–$100k📉 SPX: Crashes to 4,000–4,500💻 NDX: Drops sharply to 15,000–16,000🟠 Base-Case Scenario: Protracted Tension, No Major Disruption🛢 Oil: Stabilizes at elevated $75–$95, occasional spikes🥇 Gold: Moves higher, trading $3,500–$3,800₿ Bitcoin: Trades steady, $90k–$110k range📊 SPX: Pullback moderate, around 5,200–5,500💻 NDX: Moderately lower, 18,000–19,000 range🟢 Best-Case Scenario: Diplomatic De-Escalation🌊 Oil: Eases down to $65–$75🥇 Gold: Mild decline, holds at $3,300–$3,500₿ Bitcoin: Positive sentiment, lifts to $100k–$120k📈 SPX: Slight dip; stays strong near 5,800–6,200💻 NDX: Minor correction, remains high at 20,000–22,000GBPUSD H1 compression BUY/HOLD TP1 +100 TP2 +200 pips low riskGold Market Update: Bulls Will target 3750 USD after 3500 USDForex and Gold Market Highlights June 21 2025AI Algo Systems vs. Manual Trading: Which Delivers Real Results?Gold Bull Markets: Long-Term Overview & Current Market Update