Technical analysis by FM-ForexMastermind about Symbol PAXG: Buy recommendation (7/14/2025)

FM-ForexMastermind

🔔🔔🔔 Gold news: ➡️ Gold prices (XAU/USD) continued their upward momentum, rising to around $3,365 during early Asian trading on Monday. The precious metal gained as traders sought traditional safe-haven assets following U.S. President Donald Trump's escalation of the global trade war with a new wave of tariffs. ➡️ On Saturday, Trump announced a 30% tariff on goods from the European Union and Mexico, effective August 1. He also imposed a 35% tariff on Canadian imports and proposed general tariffs ranging from 15% to 20% on other trading partners last week, along with a 50% duty on copper imports. Fears over the impact of Trump's latest tariff measures boosted demand for gold, as investors looked to hedge against rising trade tensions. Personal opinion: ➡️ Gold price will continue to increase in the near future and may retest the 3390 area today. However, there will be a slight correction after being oversold, then continue its upward momentum ➡️ Analyze based on support resistance levels and price action combined with EMA to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Buy Gold 3331 - 3334 ❌SL: 3327 | ✅TP: 3338 - 3343 – 3348 👉Sell Gold 3387 - 3390 ❌SL: 3394 | ✅TP: 3383 - 3378 – 3373 FM wishes you a successful trading day 💰💰💰FM Plan Still On Track Looking at FM's Buying Zones for Good Profits