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Technical analysis by Mr_Mark_Wood about Symbol PAXG: Buy recommendation (3/12/2025)

https://sahmeto.com/message/3327805
Mr_Mark_Wood
Mr_Mark_Wood
Rank: 29486
1.2
Buy،Technical،Mr_Mark_Wood

Gold next Possible Movement (CPI) data, which can significantly influence market sentiment. CPI is a key inflation indicator, and any surprising data can cause major market fluctuations.Resistance Zone: 2925/30Support Zone: 2900 /2890If CPI comes in higher than expected, it could suggest persistent inflation, which might lead to a stronger demand for gold as a hedge against inflation. On the other hand, if CPI is lower than anticipated, it could reduce inflation fears and lead to a decline in gold prices.Do you have any idea about Gold share in comments I'll be Glad.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$2,930
Stop Loss Price
$2,890
Price at Publish Time:
$2,934.75
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