Technical analysis by EmilyShared256111 about Symbol PAXG on 7/8/2025

7.8 Gold AnalysisCurrently, the market is in a tug-of-war between long and short positions1. Short forces (suppressing gold prices):Federal Reserve hawkish expectations: Strong non-farm data has reduced market expectations for a rate cut in July, and even strengthened the "higher and longer" interest rate stance.Stronger US dollar and US Treasury yields: Cooling expectations for rate cuts have pushed up the US dollar and Treasury yields, increasing the opportunity cost of holding interest-free assets such as gold.2. Long forces (supporting gold prices):Geopolitical risks: Trump's threat to impose tariffs (trade friction risks) and other unspecified geopolitical tensions have increased gold's safe-haven appeal.Economic uncertainty: Potential trade frictions themselves will also bring uncertainty to the economic outlook, which is good for gold.Technical analysisWatershed: 3320Resistance level (short selling area): Near 3320Strategy: Before the price effectively breaks through and stabilizes at 3320, any rebound to this position is seen as a short selling opportunity.Breakout signal: If the price effectively breaks through and stands above 3320, the technical pattern will turn bullish, and the bearish idea should be abandoned. Consider going long or waiting.Today's strategySELL: around 3320SL: 3330TP: 3310-3280Be cautious in trading and control the risk! I wish you a smooth transaction!