Technical analysis by LegendaryTom about Symbol PAXG: Buy recommendation (2/20/2025)

hello traders hope your doing well today I'm sharing my idea about Gold today!Technical Analysis:Gold is currently trading around $2,920, showing strong bullish momentum.Entry Point: $2,900Target: $2,945Resistance Levels: $2,920 (current), $2,945 (next target)Support Levels: $2,895 (key support); a break below may lead to further downside.Wyckoff Spring Phase suggests a potential reversal and bullish continuation.Fundamental Analysis:U.S. CPI Data Release – A key event that could influence gold prices based on inflation expectations and Fed policy.Central Bank Buying – China and other banks continue accumulating gold, providing long-term support.Market Sentiment – Increased volatility expected ahead of macroeconomic data.Outlook:Gold remains bullish, but traders should watch CPI data and key resistance levels for confirmation of a breakout.📢 Like and comment on this idea for support! Let me know your thoughts and targets in the comments. 🚀320pips profit running