Technical analysis by pips1000s about Symbol PAXG: Buy recommendation (7/12/2025)

Current Price: $3,357.32 Support Zone (Demand Block): ~$3,342 – $3,347 Resistance Zones: $3,367.91 $3,374.56 $3,393.61 $3,402.80 Pine Script® Fundamental Analysis ✅ Bullish Drivers: U.S. Dollar Weakness: Recent Fed tone has shifted slightly dovish amid slowing inflation numbers. This weakens USD and supports gold. Central Bank Demand: Global central banks (especially in Asia & emerging markets) continue adding to gold reserves in response to geopolitical tensions. Geopolitical Risks: Ongoing U.S.–China tensions Russian sanctions & Ukraine conflict Middle East uncertainty All contribute to risk-hedging demand for gold. Real Yields & Inflation Expectations: Real U.S. yields remain volatile. If bond yields soften or inflation persists, gold remains attractive as a hedge. 📦 Tariff & Macro Trade Factors China-U.S. Trade Tensions (2025): There are renewed talks of higher tariffs on Chinese EVs and tech imports. This may slow growth and increase safe-haven flows into gold. Global Growth Concerns: IMF has revised global GDP forecasts downward for Q3 2025, boosting gold's appeal as a defensive asset. Trade Setup Idea (Next Week): Buy Limit Entry: $3,345 – $3,348 (on retest of demand zone) Stop Loss: Below $3,322 Take Profit 1 (TP1): $3,368 Take Profit 2 (TP2): $3,393 Take Profit 3 (TP3): $3,402 – $3,410 Risk/Reward: Approx 1:3+