Technical analysis by SroshMayi about Symbol PAXG on 7/17/2025

GOLD: Futures Dip as Dollar Strengthens, Eyes on 3320 Support Gold futures declined as the U.S. dollar gained strength following President Trump’s denial of plans to fire Fed Chair Jerome Powell. While concerns over central bank independence persist, gold remains up over 26% YTD, supported by strong central bank demand and ongoing macro uncertainty. Technical Outlook: The price is now approaching the 3320–3312 zone. A break below 3312 would trigger a bearish move from 3315 toward 3297 and 3281. However, if the price stabilizes above 3320 on a 4H close, a bullish rebound may follow toward 3333 and 3342. Key Levels: Support: 3312, 3297, 3281 Resistance: 3333, 3342, 3363