Technical analysis by Wiiso about Symbol PAXG: Buy recommendation (6/22/2025)

🟡 GOLD - Macro Fuel Meets Technical Momentum Trade Levels InsideGold continues to flex its haven status as geopolitical tensions flare once again—this time triggered by reports of a U.S. airstrike on Iranian nuclear facilities. That headline risk has lit the fuse under precious metals, and the reaction in futures markets has been swift.Friday’s intraday washout—largely driven by hopes that President Trump would opt for diplomacy—was short-lived. The strong recovery into New York close left a long lower shadow, signaling buyers are already pricing in weekend escalation risk.💡 Macro View:- Analysts project a move toward $3,500–$3,700, driven by a twin-engine of geopolitical instability and sticky inflation.- Central banks are staying long; ETF inflows are ticking up—this isn’t just speculative hype.- Goldman’s base case: $3,700 EOY, $4,000 by mid-2026. Recession/volatility scenarios stretch targets up to $4,500.🔧 Technical Setup:- Bias across all time frames remains bullish. Open float pressure is stacking with long-side conviction.- Key long trigger zone sits between $3,369–$3,375—I’m watching for confirmation here.- Profit targets:- First resistance: $3,440.48- Second target: $3,500 zone- Stretch: $3,520+ if volatility expands