Technical analysis by AndeWave about Symbol PAXG: Buy recommendation (6/11/2025)

May CPI in the US rose by 2.4% - just below the forecast of 2.5%. This reinforced expectations of a Fed rate cut despite continued pressure from tariffs. The dollar is weakening, gold may gain in this situationGold is forming an upward structure. The fundamental background is changing and moving to the side of gold. Before the rise there may be a liquidity grab from belowPrice is in consolidation. If trading shifts to the upper half of the current range, then a breakout and continued growth can be considered in this case3400