Technical analysis by FM-ForexMastermind about Symbol PAXG: Buy recommendation (7/6/2025)

FM-ForexMastermind

🔔🔔🔔Gold news: ➡️ US President Donald Trump announced that letters will begin arriving to many countries on Friday, ahead of the July 9 deadline. He announced that some tariffs will range from 10% to 70% and take effect on August 1.➡️ Expectations that the Federal Reserve may keep interest rates unchanged for a while longer have limited gold's upside.➡️ Furthermore, adding trillions of dollars to the national debt could put downward pressure on the US dollar and push gold higher as investors seek protection from the already high US debt ceiling.Personal opinion:➡️ President Trump sending letters to trading partners is seen as a positive, but the high tariffs will be in place and that will limit gold's downside. Therefore, the gold price will have a slight decrease and then maintain the upward momentum➡️ Analyze based on support resistance levels and trend lines combined with EMA to come up with a suitable strategyPersonal Plan:🔆Price Zone Setup:👉Buy Gold 3295 - 3298❌SL: 3291 | ✅TP: 3302 - 3306 – 3310👉Sell Gold 3360 - 3363 (Scalping)❌SL: 3367 | ✅TP: 3356 - 3352 – 3347FM wishes you a successful trading day 💰💰💰personal plan :Hit + 80 pips from Buy 3296setup successfulI have set up a good and precise plan for you, congratulations everyone if follow my strategy