Technical analysis by Sashacharkhchi about Symbol PAXG: Buy recommendation (8/5/2025)

Gold and oil are poised for a 7-10% price surge amid escalating Middle East tensions. Oil prices face downward pressure from US efforts to stabilize markets, but supply risks from the conflict-prone region—a major production hub—may override this, driving prices higher. Meanwhile, investors are likely to flock to gold as a safe-haven asset to hedge against volatility, boosting demand and prices. Historically, geopolitical instability strengthens gold’s appeal, and current conditions suggest a repeat of this trend. Sasha Charkhchian