Technical analysis by Viatre about Symbol PAXG: Sell recommendation (7/1/2025)

-Formation of the market:On the background of general cooling of geopolitical situation gold continues its fall to the levels of 3250. The main preference of market participants is now given to less "conservative" assets, which is clearly reflected in the record values of cryptocurrency and stock market.-Forecast:In the medium term, capital outflows are likely to continue and the asset will again test the 3250 level as support.-News Background:There will be many "strong" news releases this week that could be a strong driver of movement for the asset:Today:-ISM Manufacturing PMI and JOLTS Job openings.Thursday:Unemployment rate, and Non-Farm Payrolls.