Technical analysis by sagaahhelite about Symbol PAXG: Sell recommendation (2/5/2025)

Important Trading Levels XAUUSD (as of NFP Release Week):🔻🔺📌🚨 Immediate Sell Zone: $2,880–$2,900–$2,930🔺 Immediate Buy Zone: $2,840–$2,810–$2,790🔻 H4 Buying Levels: $2,720–$2,690–$2,650–$2,610🔺 H4 Selling Levels: $2,885–$2,910–$2,939–$2,964🔻 ⚠Warning : Do Not risk more than 5% Of Your Capital. Trading in Gold an other Financial instruments and markets involves significant risk and may result in substantial losses. 🇨🇳China’s Retaliation: Antitrust Investigations into U.S. Tech Giants •Google: Investigated over Android dominance, affecting Oppo & Xiaomi. •Nvidia: Probe revived after initial investigation in December. •Intel: Possible investigation pending based on U.S.-China relations. 📌 These regulatory actions appear to be part of China’s retaliation against Trump’s new tariffs on Chinese imports. President Xi is expected to engage with Trump soon, potentially shaping further developments. 🌎Market Outlook & Takeaways: •Gold remains supported by trade tensions and safe-haven demand. •The Japanese yen strengthens amid rising wages, inflation, and an expanding services sector. •China’s regulatory actions could escalate U.S.-China trade tensions, impacting tech stocks and market volatility. 🇺🇸🇮🇱Markets React to Trump’s Gaza Proposal & Economic Data Trump’s Gaza Proposal: Market Indifference •President Donald Trump’s suggestion to turn Gaza into the "Riviera of the Middle East" has not influenced markets significantly. •The idea, echoing a previous proposal by Jared Kushner, remains unclear in intent and has been largely dismissed by traders. •Oil prices remain stable, and global markets have shown no strong reaction. USD/JPY & Japanese Economic Outlook 📌 USD/JPY Weakens (-0.9%) •The dollar continues to decline for the third consecutive day as Treasury yields drop. •The yen strengthens following a larger-than-expected rise in Japanese wages, increasing the likelihood of Bank of Japan rate hikes. 📉 Technical Breakdown: •Break below key support levels at 153.76 & 153.36, signaling a continuation of the short-term downtrend from its 2025 peak (158.87, Jan 10). •Next downside targets: 1. 151.50 (Fibo 38.2% retracement of 139.57–158.87 rally) 2. 151.00 (psychological support) 📊 Key Resistance & Selling Opportunities: •200DMA (152.77) breached, validating further downside potential. •Limited price upticks may provide better entry points for short positions. U.S. Economic Data to Watch Today 📌 ADP Private Sector Payrolls (Jan) •Previous: 122K | Forecast: 148K •Potential impact on USD strength if data beats expectations. 📌 December Trade Balance & January Services PMI •Expected to influence market sentiment and dollar movement. Japan’s Wage Growth Strengthens BoJ Rate Hike Case 📌 Labour Cash Earnings (Dec): •+4.8% YoY (above expectations) •Base earnings steady at +2.5% YoY for the second month. •Real cash earnings: +0.6% (Nov: +0.5%), despite rising inflation. 📌 Implications for BoJ Policy: •If Shunto wage negotiations deliver strong results, the BoJ may hike rates by 25bps as early as May. •Base earnings growth (+5.2%) aligns with BoJ’s target for sustainable wage growth (3%), reinforcing expectations for policy tightening. Stay tuned for further updates as geopolitical and economic events unfold. 📊📈