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

Hello Traders, The first wave of the uptrend is complete. The second wave will dip to 3330~3320, followed by the third wave uptrend. Check the reference signal for take-profit levels. Upcoming Macro Events : - U.S. CPI (August 12): The main catalyst for volatility, likely to impact USD and real yields. A higher-than-expected CPI could strengthen gold, while a soft print might pressure the bull case. - RBA Rate Decision (August 12): A dovish outcome could weaken the USD, indirectly supporting gold. - Global Data (GDP, PPI): China’s economic data and UK GDP could influence risk sentiment and USD strength. Gold is in a critical phase with bullish technical setup and positive sentiment, but volatility is expected due to key macro events. Traders should focus on support levels, monitor the CPI data, and remain cautious of bearish reversals if the consolidation fails.Perfect touch. Holding Long position can take some days. Stop loss will move to the enterpoint. If the next drop happens The next BuyLimit orders are at 3327, 3323, 3320