Technical analysis by Aleksin_Aleksandar about Symbol PAXG on 2/9/2025

Where will the price of gold in the week US CPI? A strong CPI could halt the rise in gold prices, hinting that the Fed may delay a rate cut scheduled for next week. A weaker CPI indicates that we are continuing towards the target of 2.00% and this would mean that the Fed continues to cut interest rates and dovish policy. A break below $2900 would push the price to the $2850-$2860 support zone, while a break above $2930 would push the price up to the previous resistance zone of $2955-2960.gold broke the support zone and formed a new low