Technical analysis by EmilyShared256111 about Symbol PAXG on 7/7/2025

7.7 Gold DefenseBad fundamentals:The passage of the US "Big and Beautiful Act" and the extension of tariffs to August 1 have increased market uncertainty and put pressure on gold, focusing on testing the key psychological and technical support level of $3,300/ounce.Technical weaknesses:Daily: Running below the short-term moving average, overall weak.4 hours: The decline in the early trading strengthened the weakness, the Bollinger Bands opened downward, the short-term moving average went down, and the MACD dead cross continued. These signals all point to the advantage of the bears, and there is a risk of breaking below 3,300 and accelerating the decline.The shock pattern is to be broken: last week, it oscillated in the range of 3245-3365, lacking a clear direction. The current technical form and fundamental events may become a catalyst to break the deadlock, especially the risk of a downward breakthrough is relatively high.Operation strategy: High-altitude is the main, low-long is the auxiliary.High-altitude opportunities: Below the resistance level of 3320, short at highs, and the target is 3300 and below (3295, 3280).Potential low-long opportunities (caution):If the gold price breaks through strongly and stabilizes at 3320, you can wait for a pullback to around 3320 to go long (confirm that the breakthrough is effective).If the gold price touches the support level near 3295 or 3280 for the first time, you can consider a short-term rebound with a light position (contrarian operation, high risk, fast entry and exit).Trade with caution and control risks! I wish you a smooth transaction!