Technical analysis by FM-ForexMastermind about Symbol PAXG: Sell recommendation (7/25/2025)

FM-ForexMastermind

🔔🔔🔔 Gold news: ➡️ The US Dollar (USD) continued to attract buying interest for the second consecutive day, ending a four-day losing streak that had pushed it to a two-week low, thereby diverting some capital away from gold. However, any meaningful rebound in the USD still appears limited due to ongoing uncertainty surrounding the Federal Reserve’s rate-cutting path. Additionally, concerns over the independence of the US central bank may further cap USD gains and offer some support to the non-yielding precious metal. ➡️ Meanwhile, US President Donald Trump announced late Tuesday that his administration had reached a trade agreement with Japan. Furthermore, reports that the US and the European Union are moving toward a 15% trade deal have boosted investor sentiment, putting pressure on gold prices — traditionally seen as a safe-haven asset — on Thursday. Personal opinion: ➡️ Gold prices will still maintain a downward trend today due to the impact of positive tariff news. Heading towards the Trendline 334x area. ➡️ Analysis based on important support resistance levels and EMA combined with trend lines to come up with suitable strategies Personl Plan: 🔆Price Zone Setup: 👉Buy Gold 3344 - 3347 ❌SL: 3340 | ✅TP: 3351 - 3355 – 3360 👉Sell Gold 3381 - 3384 ❌SL: 3388 | ✅TP: 3377 - 3374 – 3369 FM wishes you a successful trading day 💰💰💰gold price dropped to 334x as originally planned, hit + 50 pips from buy 3344 set up successfullyThe 4H trend line is still not broken, we will look at the 3313 area to be able to make a decision whether gold price is really creating a downtrend or not