Technical analysis by FM-ForexMastermind about Symbol PAXG: Sell recommendation (7/24/2025)

FM-ForexMastermind

🔔🔔🔔 Gold news: ➡️ US Treasury yields rose, with the 10-year yield rising three and a half basis points to 4.384%. ➡️ Meanwhile, the US Dollar Index (DXY), which tracks the greenback's performance, reversed course and rose after four consecutive days of declines. ➡️ According to FT sources, trade talks between the European Union and the United States are said to have improved. The EU may agree to reciprocal tariffs after Trump's letter spelled out a 30% tariff effective from August 1. • Personal opinion: ➡️ Continuous positive information from tariff negotiations with major partners, Gold prices will continue to decline today. ➡️ Analysis based on support resistance levels and fibonacci combined with RSI to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Buy Gold 3344 - 3347 ❌SL: 3339 | ✅TP: 3351 - 3356 – 3362 👉Buy Gold 3429 - 3432 ❌SL: 3436 | ✅TP: 3425 - 3420 – 3415 FM wishes you a successful trading day 💰💰💰Gold prices remain in trend rangeComplete the original plan