Technical analysis by SroshMayi about Symbol PAXG: Buy recommendation (6/12/2025)

GOLD | OVERVIEWGold remains in bullish momentum following the CPI result of 2.4%, which came in below expectations. This increases the likelihood of a rate cut by the Fed, providing strong support for gold. As long as the price trades above 3376 and 3351, the bullish trend is expected to continue toward 3404. A confirmed stabilization above 3404 could open the path toward 3431.Bearish Correction till 3376 available.Pivot: 3376Resistance Lines: 3404, 3431Support Lines: 3366, 3347