Technical analysis by Henrybillion about Symbol PAXG: Sell recommendation (6/30/2025)

Gold XAUUSD has been recovering slightly toward the 3,282 USD zone, but macroeconomic headwinds remain strong:- The U.S. Dollar Index (DXY) DXY remains above 106.3 – the highest level in a month – making gold less attractive due to increased opportunity cost.- U.S. 10-year Treasury yields remain firm around 4.35%, reflecting market expectations that the Fed will maintain tight monetary policy.- Core PCE data for June remains elevated, far from the Fed's 2% target – lowering the likelihood of a rate cut anytime soon.- Geopolitical tensions are cooling off, reducing demand for safe-haven assets like gold.➡ These macro factors suggest that the current rebound in gold is more technical than fundamental, and unlikely to signal a major trend reversal.1. Technical Analysis – XAUUSD XAUUSD on D1 Timeframe- After bouncing from 3,255 USD, price is now testing the 3,285 – 3,295 USD resistance zone.- This is a Fibonacci retracement zone (0.5 – 0.618) from the previous bearish leg 3,314 → 3,255.- EMA20 and EMA50 remain downward-sloping, signaling that the dominant trend is still bearish.- RSI is hovering around 52, suggesting mild momentum but not enough for a confirmed bullish reversal.➡ The current price behavior aligns with a pullback within a downtrend, with potential for continuation to the downside.2. Trade Setup – Short-Term Sell StrategyPrimary Setup: Sell the RallyEntry: Sell near 3,294 – 3,295Stop Loss: 3,300Take Profit 1: 3,260Take Profit 2: 3,244Take Profit 3: 3,225Ps: Gold XAUUSD is showing signs of a technical bounce, but fundamentals and structure still support the downtrend. Selling at resistance remains the preferred strategy as long as macro pressure persists.The strategy will be updated continuously – don't forget to save and follow to avoid missing key opportunities.Analysis by Henrybillion