Technical analysis by borsadigital about Symbol PAXG: Buy recommendation (1/15/2025)

📝 The recent movement in gold prices has been remarkable. 📝 The strong demand for dollars and the increase in bond interest rates continue to put pressure on gold prices. 📝 The fact that the US PPI data announced yesterday came in below estimates made a limited positive contribution to gold prices. 📝 The focus of the markets today will be the US December CPI data. 📉📈 Technically, pricing continues as a harmonic potential formation. After the PPI data received yesterday, it also fell to the levels of $ 2660, its second wave, and a recovery came from this region. 📉📈 In the current price movement, the CD leg has the potential to reach the levels of $ 2702 and $ 2718 on a Fibonacci basis. 📉📈 In the possible selling pressure starting from these regions, the expectation should be a decline to the levels of $ 2675. ℹ️ The investment information, comments and recommendations contained herein are not within the scope of investment consultancy.