Technical analysis by MaxOnMarkets about Symbol PAXG on 6/12/2025

👀 Possible scenario:Gold jumped 0.96% on June 11 after U.S. inflation data came in cooler than expected, boosting hopes for a Fed rate cut by September. CPI rose 2.4% in May (vs. 2.5% forecast), while core inflation held at 2.8%, under the 2.9% estimate. Geopolitical factors also lifted gold. The U.S. and China announced a preliminary trade deal, including China easing rare earth export curbs — though the agreement remains unratified.Markets remain focused on U.S.-China tariff tensions and await the June 12 PPI report, which could sway interest rate and dollar outlooks, further impacting gold prices.✅Support and Resistance LevelsSupport level is now located at 3260.00.Now, the resistance level is located at 3,390.00.