Technical analysis by FM-ForexMastermind about Symbol PAXG: Buy recommendation (7/23/2025)

🔔🔔🔔 Gold news: ➡️ The prospect of a trade deal between the EU and the US before the August 1 deadline is fading, making investors increasingly cautious. This uncertainty, coupled with widespread trade tensions involving key US partners, continues to reinforce gold’s appeal as a safe-haven asset. ➡️ Adding to the market uncertainty are renewed concerns about the independence of the Federal Reserve. The Fed’s independence from political influence is a key pillar of its credibility. When that independence is questioned, investors worry that monetary policy could be influenced by non-data-driven factors, undermining confidence in the US dollar. Personal opinion: ➡️ Trade talks and Fed independence remain front and center, supporting gold’s rally. Therefore, gold price remains in the uptrend zone today ➡️ Technical analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Buy Gold 3407 - 3310 (Scalping) ❌SL: 3403 | ✅TP: 3414 - 3419 👉Sell Gold 3447 - 3450 (Scalping) ❌SL: 3454 | ✅TP: 3443 - 3438 FM wishes you a successful trading day 💰💰💰Personal plan Hit + 130 pips from Buy 3407 Setup successful