Technical analysis by ProjectSyndicate about Symbol PAXG: Sell recommendation (7/13/2025)

📉 Gold Holds Steady ~$3,354/oz Moderate USD strength and tariff-driven safe‑haven buying have kept gold anchored in the $3,330–$3,360 zone. 🤝 Trade & Tariff Influence Tariff headlines—from Canada’s 35% rate to broader threats—have supported gold by boosting safe‑haven demand heading into U.S. CPI. 📊 Technical Watch Testing resistance at $3,360; full breakout above $3,342–$3,360 opens path to $3,400–$3,500. Support sits at $3,330–$3,322 (20‑day EMA); breach risks pickup in short‑term bearish momentum. 💼 U.S. Macro & Fed Cues Inflation data (June CPI due July 15) and Fedspeak ahead of the July blackout window are set to define next directional moves. 🌍 Central Bank Insight World central banks are stockpiling gold at record rates, creating a bullish backdrop. ⚖ Range‑Bound Outlook Expect gold to drift between $3,330–$3,360 near‑term, with upside if tariff/CPI triggers materialize. 📉 Short‑Term Bias Neutral‑to‑bullish; momentum indicators are calm but could shift quickly on macro surprises. 📈 Med‑Term Outlook Bullish Ongoing central bank demand, trade dynamics, and macro fundamentals still favor a gradual move toward $3,500+. ⭐ Updated Strategy Recommendations Accumulate on dips near $3,330–$3,320. Watch resistance at $3,360–$3,400 for profit‑taking or breakout buying opportunities. Bears may focus on selling rallies near the upper range.