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Technical analysis by fxtraderanthony about Symbol PAXG on 7/8/2025

https://sahmeto.com/message/3619967
fxtraderanthony
fxtraderanthony
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I’m currently analysing XAUUSD (Gold) 🟡, which has come under bearish pressure 📉, showing signs of downside momentum. In the video 🎥, we also explore the inverse correlation between Gold and risk assets like the NASDAQ 📊.Keep a close eye on NASDAQ movements—if risk assets break bullish 🚀, we may see further weakness in Gold. On the other hand, if risk sentiment shifts and risk assets break bearish 🛑, Gold could attract safe-haven demand and gain strength 💪.We also dive into the price action, market structure, and pull up the volume profile 🧩. Gold is currently trading around the Point of Control (POC) ⚖️—a key level where significant volume has accumulated. A clean break above or below this area could act as a technical trigger for the next move 📈📉.As always, this is not financial advice ⚠️—just my market view.

Translated from: English
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Signal Type: Neutral
Time Frame:
30 minutes
Price at Publish Time:
$3,331.12
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