Technical analysis by DeGRAM about Symbol PAXG: Buy recommendation (7/14/2025)

📊 Technical Analysis ● The break of the July descending cap at 3 355 has held as support; price is stair-stepping along a steep intraday channel whose lower rail coincides with the 3 350 pivot. ● Momentum is pressing the 3 368–3 393 supply; clearing that band opens the March swing objective at 3 430, while pullbacks into 3 350-3 355 are buffered by the former trend-line. 💡 Fundamental Analysis ● A second straight downside surprise in US PPI cooled 2-yr yields and the DXY, restoring carry appeal for non-yielding gold. ● World Gold Council notes June central-bank net purchases rose 6 % m/m, signalling persistent official demand. ✨ Summary Long 3 350-3 360; hold above 3 355 targets 3 393 → 3 430. Bias void on an H1 close below 3 325. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● Bulls defended the hourly up-sloper drawn off 9 Jul lows; the rebound shattered the micro falling wedge and flipped 3 347 into fresh support. ● Price is now grinding the channel mid-line; projection of the 90-pt wedge targets the upper rail/late-May trend-cap at 3 393. Higher-lows remain intact while candles stay above 3 350. 💡 Fundamental Analysis ● CME FedWatch shows July cut odds <5 % after soft US PPI, keeping real yields muted; meanwhile SAFE data reveal China added 5 t of bullion in June, extending its buying streak to 15 months. ✨ Summary Long 3 350-3 360; sustain above 3 355 aims 3 393. Bias void on H1 close below 3 325. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!