Technical analysis by KINGSLIGHTFX about Symbol PAXG: Sell recommendation (7/16/2025)

The US dollar is gaining strength following Tuesday's CPI report, which showed a 2.7% inflation rate. This development is likely to benefit gold bears. On the chart, gold is currently trading within a range, but this could be the catalyst for a significant drop to $3300. With gold currently trading at $3340 and facing resistance, the upcoming core CPI report could further impact gold's value. If the report favors the dollar again, gold prices may decline even further.