Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (6/18/2025)

Nova-Scalper

⭐️GOLDEN INFORMATION:Gold prices slipped below the $3,400 threshold on Tuesday, weighed down by renewed strength in the US Dollar (USD), despite a worsening global risk sentiment. The resilience of the greenback limited gains in the safe-haven asset, though mounting tensions between Israel and Iran continue to offer underlying support. At the time of writing, XAU/USD is trading at $3,380, down 0.05%.Although risk appetite remains subdued, gold has struggled to rally, as the US Dollar regains ground. The US Dollar Index (DXY), which measures the currency against a basket of six major peers, climbed 0.46% to 98.58.Meanwhile, geopolitical tensions intensified after US President Donald Trump abruptly departed the G7 summit in Canada on Monday in response to unfolding events in the Middle East. In a stark warning posted to his social platform, he urged, “Everyone should immediately evacuate Tehran,” signaling a sharp escalation in the conflict that began last Friday.⭐️Personal comments NOVA:Gold price is moving in accumulation zone below 3400 - 3365. Break and return above 3400, continue to accumulate.⭐️SET UP GOLD PRICE:🔥SELL GOLD zone: 3437- 3439 SL 3444TP1: $3425TP2: $3410TP3: $3395🔥BUY GOLD zone: $3338-$3340 SL $3333TP1: $3346TP2: $3355TP3: $3370⭐️Technical analysis:Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.⭐️NOTE:Note: Nova wishes traders to manage their capital well- take the number of lots that match your capital- Takeprofit equal to 4-6% of capital account- Stoplose equal to 2-3% of capital account