Technical analysis by MaxOnMarkets about Symbol PAXG on 7/2/2025

👉🏼 Possible scenario:Gold rose 1.07% for a second session as a weaker U.S. dollar and fiscal concerns supported prices. The Senate's approval of Trump’s $3.3T tax-and-spending bill raised debt fears, while trade tensions with Japan added uncertainty.Fed Chair Powell signaled a patient stance on rate cuts but left the door open for easing, reinforcing support for gold. Meanwhile, a 60-day Gaza ceasefire reduced geopolitical risk, triggering some profit-taking.✅Support and Resistance LevelsSupport level is now located at 3,245.00.Now, the resistance level is located at 3,400.00.