Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (6/11/2025)

GOLD | OVERVIEWGold remains under pressure due to ongoing U.S.–China trade tensions, with additional focus on the upcoming U.S. CPI data, which is expected to have a strong market impact.Forecast CPI: 2.5%Previous CPI: 2.3%Current Scenario:If the CPI comes in above 2.5%, it would signal stronger inflation, reducing the likelihood of rate cuts. This would pressure gold lower, continuing the downtrend toward 3318, then 3303, and possibly 3292.Alternative Scenario:If CPI is below expectations, it would suggest easing inflation and open the door for rate cuts—supportive for gold. In that case, a break above 3347 could lead to 3366, and then 3375.Support Levels: 3318, 3303, 3292Resistance Levels: 3347, 3366, 3375