Technical analysis by Reliable_Trading about Symbol PAXG: Buy recommendation (7/16/2025)

As the White House confirmed that Trump was going to fire Powell, gold surged from 3320 in the short term, and now has reached 3377, an increase of 57$. Our strategy of buying in the 3320-3328 area today also benefited from this and made considerable profits. At present, it seems that the technical analysis has temporarily lost its meaning, because the impact of risk events is far greater than the technical aspects. Now I think it is impossible to continue to chase the rise, at least before the event is implemented today, because it is difficult to say that there will be no more news next, and I am not willing to take a risk. I have made a lot of money today and I have to know how to be satisfied. Unless the gold price falls back to the 3340-3350 area again, we can consider entering the market again, otherwise we will wait and see.