Technical analysis by SroshMayi about Symbol PAXG: Buy recommendation (7/11/2025)

Gold Futures Rise on Trade & Geopolitical Tensions Gold continues to gain as renewed tariff threats from the U.S. and rising geopolitical risks weigh on market sentiment. While markets have become somewhat desensitized to Trump’s recurring trade rhetoric, concerns remain that resolutions may be delayed. Technical Outlook: As long as the price holds above 3342, the bullish trend is likely to continue toward 3355 and 3365. A stable close above 3365 would open the way to 3395. However, a 1H close below 3342 may trigger a pullback to 3329. Pivot: 3342 Resistance: 3355, 3365, 3395 Support: 3329, 3319, 3309GOLD – Market Update Gold prices are rising in early trading, supported by growing concerns over a global economic slowdown driven by escalating trade tensions. These fears are reinforcing gold’s traditional role as a defensive hedge and safe-haven asset. Technical Outlook: Gold maintains a bullish momentum as long as it trades above 3365, with potential to reach the 3395 level. Trade tensions remain elevated, especially with reports that President Trump is planning to impose a 30% tariff on Europe and Mexico. This action continues to support a bullish outlook in the short term. However, any breakthrough in tariff negotiations could quickly shift sentiment, triggering a strong bearish reversal toward 3342 and possibly 3320. 🔹 Pivot Level: 3365 🔹 Resistance Levels: 3388, 3395 🔹 Support Levels: 3342, 3320