Technical analysis by ProjectSyndicate about Symbol PAXG: Buy recommendation (6/26/2025)

🏆 Gold Market Mid-Term Update📉 Gold Pullback: XAU/USD drifted below $3,350, falling to around $3,325–$3,330 amid easing Middle East tensions and a firmer U.S. dollar.🤝 Ceasefire Effect: De-escalation in Israel-Iran hostilities reduced safe-haven demand, capping gold’s upside.💵 Fed & USD Dynamics: Fed Chair Powell reaffirmed that policymakers aren’t in a rush to cut rates. A softer dollar provided some support, but intraday USD strength weighed on gold.📊 Technical Watch: Gold remains in a bearish short-term structure below the 200-period SMA. Resistance lies near $3,368–$3,370; support cluster begins around $3,300, with potential slide to $3,245–$3,200 if broken.🔮 Forecast Updates:• Citi Research flagged that gold may have peaked and could undergo further softening in Q3-2025.• WSJ notes gold posting weekly gains, with futures steadying at $3,339/oz.• Another WSJ report suggests potential for new highs later this year—forecasting an average of $3,210/oz in 2025, a 35% increase.⚠️ Market Split: Opinions are fragmented—Wall Street sees mixed short-term direction, while Main Street maintains a bullish stance ahead of key U.S. data (GDP, PCE, jobless claims).🏠 Central Bank Demand: Sustained demand from central banks reinforces gold’s structural support.🔮 Live Price Snapshot: Futures are up ~0.2%, trading at $3,339.20/oz today.📊 Technical Outlook Update🏆 Bull Market Overview▪️ A pullback is currently unfolding▪️ Heavy resistance seen at $3,500▪️ Possible re-accumulation underway▪️ Scenario mirrors summer 2024▪️ Accumulation before breakout▪️ Downside protected around $3,150▪️ Short-term range trading in progress▪️ Bulls maintain strategic upper hand⭐️ Recommended Strategy▪️ Buy dips within the range▪️ Look for entries near $3,150 S/R zone▪️ Long-term bullish target of $4K remains intactTOP 10 Stats of the Current Gold Bull Market in 2025 and OutlookUpdate of the Bullish/Bearish Catalysts for Gold pricesGold Bull Markets: Long-Term Overview & Current Market Update10 Small-Cap Biotechs with Key Catalysts for 2025 July ListGold Market Update: Stuck in summer time range / Seasonality