Technical analysis by KlejdiCuni about Symbol PAXG: Sell recommendation (7/17/2025)

GOLD: Continues to respect our bearish scenario Yesterday we had a bad joke from Trump and the price tested again a very strong resistance area located near 3378. As you can see from the chart, the sell-off happened quickly and was just a sell-off in a deep pullback. Today, the price was struggling to find a clear direction, but after Trump said he had no plans to fire the Federal Reserve's Powell, the market calmed down easily. The price fell from another strong support area earlier today after the US printed strong Retail Sales data for June of 0.6% versus an estimate of 0.1%. The chances of further declines, as I explained earlier, are increasing further and it could even reach 3260, it seems. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading dayGOLD - base analysis I posted some days ago