Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (7/15/2025)

GOLD Outlook – Bearish Below 3365, CPI in Focus Gold is showing bearish momentum while trading below 3365, with a likely move toward 3342. However, if the price closes a 1H or 4H candle above 3365, it may shift to a bullish trend targeting 3395. CPI data will be the key factor in determining the next move. The market expects a print of 2.6%, which would signal no Fed rate cuts this year due to rising tariff pressures. That said, we expect a 2.7% release, which would likely support a bearish trend for gold. But if the release is less than 2.6% that will support the bullish trend. Pivot Line: 3365 Support: 3342 – 3320 Resistance: 3375 – 3395GOLD – Market Overview Gold prices edged up to around $3,342 per ounce on Wednesday, recovering slightly after a two-day decline, as traders evaluated a rise in U.S. inflation and ongoing trade tensions. 📊 Fundamental Outlook: • June CPI rose at the fastest pace in five months, suggesting that tariffs may be contributing to inflationary pressures. • While President Trump continues to push for rate cuts, Fed officials remain cautious, citing persistent inflation risks. • Traders now turn their focus to the upcoming PPI report for further insight into price trends and Fed policy direction. 🔧 Technical Outlook: Gold remains in a bearish structure as long as it trades below 3,342. 🔻 Bearish Scenario: • As long as price stays below 3,342, we expect continuation toward 3,320, with further targets at 3,312 and 3,297. 🔺 Bullish Scenario: • A 1H candle close above 3,342 could shift momentum bullishly toward 3,365, with extended targets at 3,375. Pivot Level: 3,342 Support Levels: 3,332 – 3,320 – 3,297 Resistance Levels: 3,354 – 3,365 – 3,375Full Target reached, about $55 dropped The price dropped from 3365 to our last support located at 3320 - 3312