Technical analysis by ftdsystem about Symbol PAXG: Buy recommendation (6/30/2025)

Gold is attempting to find support at the yellow trendline below, which has held since late December. At today’s open, gold quickly found support at that level, which is a bullish signal. However, it may not be over yet.For gold to recover meaningfully, it needs to break above the 3300 resistance first, followed by 3345 to confirm a move higher. This week, the U.S. Senate will discuss the "Big, Beautiful Bill," which markets expect will widen the deficit, despite Trump’s claims to the contrary. Regardless of the outcome, the discussion could provide gold with the fuel it needs to rebound after its weak performance in the second half of June.After the breakout from 3300, gold is now testing the trendline. 3334-45 zone will be key today.