Technical analysis by Sanmi about Symbol PAXG on 6/17/2025

Gold Weekly Outlook – 17 June 2025Gold has been trading within a tight range over the past few weeks, repeatedly finding support along its upward trendline.The ongoing conflict in the Middle East is expected to be a key driver for gold prices in the coming weeks.Monday’s trading saw gold drop by over 700 pips amid escalating tensions in the region. This “flash crash” may well clear the path for bulls to regain control and push the yellow metal toward new all-time highs.For now, we remain on the sidelines, waiting to see how price reacts around the 3,360 level, which could serve as a launchpad for a bullish reversal.