Technical analysis by FOREXcom about Symbol PAXG on 6/30/2025

Gold is threatening a break of the yearly uptrend with Friday’s decline clearing the monthly range low. The focus into the start of the month is on technical support at the 5/29 swing low / May low-day close (LDC) 3240/45.A break / close below this threshold would be needed to suggest a more significant correction is underway towards the 38.2% retracement of the November rally at 3132 and the 100% extension of the April decline at 3072- both areas of interest for possible downside exhaustion / price inflection IF reached. Resistance now at 3355/80 with a breach above the Record high-close at 3431 needed to mark resumption of the broader uptrend. -MB