Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (6/26/2025)

GOLD OVERVIEWGold Holds Gains as Dollar Weakens and Fed Uncertainty GrowsGold climbed above $3,340 per ounce on Thursday, supported by a sharp decline in the U.S. dollar amid growing dovish expectations from the Federal Reserve.Adding to market speculation, U.S. President Donald Trump hinted he may announce a new Fed Chair as early as September or October, potentially reducing Jerome Powell’s influence before his term ends in June and boosting expectations for a more accommodative policy stance. TECHNICAL OUTLOOK – XAU/USDGold shows bearish potential if the price can stabilize below the pivot level at 3,341.However, while trading above 3,341, a short-term correction toward 3,364–3,365 is likely before any renewed selling pressure. Today’s U.S. GDP release may add further volatility and direction to the market. Key LevelsPivot Line: 3,341Resistance: 3,364 → 3,373Support: 3,320 → 3,302previous idea:GOLD | UPDATEGold has dropped approximately $70 and continues to show strong bearish momentum, with price action targeting 3255.As long as it remains below the pivot level at 3281. A 1H candle close below 3281 will confirm continuation toward 3255 and 3239 A 1H close above 3282 may lead to short-term consolidation between 3282 and 3302Key LevelsPivot: 3281Resistance: 3302 → 3320Support: 3255 → 3239