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

Technical Analysis – XAU/USD Current Price: $3,371 Gold is trading inside a rising wedge pattern with strong resistance at $3,434. A daily candle close above $3,434 could trigger a breakout toward: 🎯 Target 1: $3,540 🎯 Target 2: $3,756 If rejected at resistance, price may drop to: ⚠️ Support 1: $3,325 ⚠️ Support 2: $3,001 (major weekly support) 🌍 Fundamental Outlook CPI Data Impact: Higher CPI → Gold bearish (rate hikes expected) Lower CPI → Gold bullish (rate cuts or pause likely) Federal Reserve Policy: Hawkish = Negative for gold Dovish = Positive for gold Other Drivers: USD Strength Geopolitical risks Central bank gold buying