Technical analysis by FM-ForexMastermind about Symbol PAXG: Buy recommendation (7/10/2025)

FM-ForexMastermind

🔔🔔🔔 Gold news: ➡️ Gold prices saw a notable rise during the Asian session as U.S. Treasury yields declined and the U.S. dollar weakened against other major currencies. Market direction remains heavily influenced by trade developments, while the latest meeting minutes indicate that officials are still considering interest rate cuts in 2025. ➡️ The White House continues to ramp up pressure on trade partners, announcing a second round of tariffs ranging from 20% to 30% on selected countries. At the same time, Trump has targeted nations aligned with BRICS with a new 10% tariff threat. Personal opinion: ➡️ With more and more tariff news that is unfavorable to world trade, the bullish momentum will continue today ➡️ Analysis based on support resistance levels and trend lines combined with SMA to come up with a suitable strategy Personal plan: 🔆Price Zone Setup: 👉Buy Gold 3283 - 3286 ❌SL: 3279 | ✅TP: 3290 - 3295 – 3300 👉Sell Gold 3343 - 3346 ❌SL: 3350 | ✅TP: 3338 - 3333 – 3328 FM wishes you a successful trading day 💰💰💰The plan is still on track.Check Gold Hit + 120 pips from Sell 3343 set up successful My plan went exactly as planned.