Technical analysis by pejman_zwin about Symbol PAXG: Buy recommendation (8/11/2025)

Gold ( XAUUSD ) is currently moving near the Support zone($3,350-$3,326) and the Monthly Pivot Point . In terms of Elliott Wave theory , it seems that Gold is completing a corrective wave, and we should wait for the next impulse wave . I expect Gold to start rising from the Support zone($3,350-$3,326) and rise to at least $3,393 . Second Target: $3,407 Third Target: $3,427 Note: Stop Loss (SL) = $3,317 Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.US CPI Data Released Core CPI m/m: 0.3% (exp 0.3%) CPI m/m: 0.2% (exp 0.2%) CPI y/y: 2.7% (exp 2.8%) Yearly CPI lower → slightly bearish USD, potential short-term boost for Gold I think it is good to open a long position considering the position of gold, which is in the Support zone($3,350-$3,326) and near $3,333. Considering the Stop Loss=$3,317. As I mentioned in my previous posts, $3,333 is a key level for Gold. The first upside target for now could be around $3,374.I transferred my Stop Loss(SL) to Entry point(EP)= Risk Free.Risk Free was touched