Technical analysis by Reliable_Trading about Symbol PAXG: Buy recommendation (7/23/2025)

Reliable_Trading

Yesterday, Trump criticized the Federal Reserve three times, pointing the finger at Powell, and demanded that the Federal Reserve should reduce interest rates by 3 percentage points or even more. At the same time, they expressed dissatisfaction with the renovation costs of the Federal Reserve. White House staff also planned to enter the Federal Reserve to conduct an inspection, continuing to increase their dissatisfaction with Powell. Such behavior has occurred many times this year, with the purpose of getting Powell to leave. In the case that the principle of independence adhered to by the Federal Reserve may be broken, the market reacted very quickly. Yesterday, gold rose sharply, breaking through the 3400 integer mark in one fell swoop. The world's largest gold ETF also continued to increase its holdings significantly, providing momentum for gold to rise. Such a reaction in the market is preparing for risk events. Next, the worsening of the tariff war, Powell's departure, the outbreak of geopolitical conflicts and other risk events may further push up the price of gold. As the gold price stabilizes at the 3400 integer mark, 3400 has turned from resistance to support, so we can rely on support to intervene in long positions, provided that the 3400 mark is not broken. Once 3400 is broken, don't do more. ✅The specific operation is as follows: Buy at 3400-3405 TP1:3430 TP2:3450 📣More detailed real-time trading strategies will be released on my channel. 🟢Go get it now! 👇👇👇The 3400 integer mark has been broken, and the current price has retreated to the 3385 support level. Pay close attention to the support strength here. Once it stabilizes, it will be a buying opportunity. If it falls below, it will be 3375 or even 3345.