Technical analysis by FaithdrivenTrades about Symbol PAXG: Buy recommendation (6/29/2025)

Fed rate cut expectations, weak DXY, and deficit concerns support bullish bias. Watching for structural shift (CHoCH) to confirm entry zone reaction. 🔹 Markets continue to price in Fed rate cuts starting September, with odds rising after recent dovish tones and political pressure. 🔹 US deficit concerns resurfaced after CBO warned that the Senate tax bill could add $3.3 trillion, weighing on long-term dollar stability. 🔹 Meanwhile, DXY and real yields remain under pressure, weakening the USD and reinforcing gold’s macro support. 🔹 Gold positioning is clean (net longs trimmed), giving room for upside if momentum returns. 🔹 Despite risk-on equity sentiment, underlying safe-haven flow stays active due to lingering Iran-China oil trade tensions and fiscal risks. 🧭 Current structure favors a bullish retracement or reversal setup. Watch for reaction at upper trendline zone for either continuation or rejection setups.