Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (2/12/2025)

✅ Gold (XAUUSD) Technical Analysis – CPI Impact in FocusGold is currently facing bearish pressure, with expectations of a 3.00% CPI release, which could negatively impact prices. A break below 2,872 is required to confirm further downside movement.📉 Bearish Scenario (CPI at 3.00% or Higher):If price breaks below 2,872, it will enter a bearish zone.A confirmed stabilization below 2,872 will extend the drop toward 2,859 and 2,840.Further bearish pressure could drive prices to 2,823 if inflation remains high.📈 Bullish Scenario (CPI Below 3.00%):If price holds above 2,872, a recovery toward 2,896 and 2,918 is possible.A break above 2,918 could push gold back toward 2,938 in a bullish reversal.Key LevelsPivot Point: 2880Resistance Levels: 2896, 2918, 2938Support Levels: 2860, 2840, 2823Trend Outlook:Bearish if CPI remains high (≥3.00%) & price breaks 2,872 Bullish if CPI drops below expectations & price holds above 2,872 💬 How will CPI impact Gold? Will it break down or reverse? Let’s discuss in the comments! 👇🔥