Technical analysis by FaithdrivenTrades about Symbol PAXG: Sell recommendation (7/2/2025)

🟨 XAUUSD: Possible Pullback Before Major Reaction – Eyes on Reversal ZoneFaithDrivenTrades | July 2, 2025Gold continues its bullish climb toward a possible intraday reversal zone (3371–3380). Technicals show a clean sweep of previous liquidity + bullish candle confirmation on H1. However, the broader fundamental backdrop now tilts toward short-term USD strength due to:🔻 ADP NFP Miss:ADP: 33K vs 99K forecastIndicates weaker labor market, but Gold's reaction muted due to anticipation of Friday’s NFP and mixed inflation fears.📊 Oil Inventory Surplus:Crude: +3.845M vs -2.7M expectedSuggests soft demand → deflationary pressure → less urgency for Fed rate cuts.📰 Trump Tariff Headlines:Trump announces new 20%-40% tariffs with Vietnam.Short-term USD pressure on trade uncertainty, but market sees longer-term USD safe-haven appeal.📉 Fed Cuts Still Priced In (Sept, Dec):CME Fed Futures show 2 rate cuts expected → supports bullish gold structure long-termHowever, dollar’s resilience from ISM rebound + JOLTS adds near-term volatility🧠 Market Sentiment Summary:Macro: Mixed → USD Strengthening Short-TermRisk: Sentiment cautious, NFP Friday keyBias: Intraday Bearish Correction Possible, bigger trend still bullish