Technical analysis by Moon-ForexAcademy about Symbol PAXG: Sell recommendation (7/31/2025)

XAU / USD : trend forecast July 31, 2025 ⚠️Gold prices plunged over 1.5% on Wednesday after the Federal Reserve opted to leave interest rates unchanged in a 9-2 vote. The selloff accelerated following Fed Chair Jerome Powell’s hawkish tone during the post-meeting press conference and the release of stronger-than-expected Q2 2025 GDP data, both of which dampened demand for the non-yielding metal. At the time of writing, XAU/USD is trading below $3,280, having retreated from an intraday high of $3,334. Market sentiment deteriorated as Powell pushed back against the likelihood of a rate cut in September, emphasizing a data-dependent, meeting-by-meeting strategy. The added uncertainty around how quickly tariffs will feed into inflation further pressured gold, driving prices below the key $3,300 level and toward a session low of $3,268. Powell noted that “tariff passthrough to prices may be slower than thought,” reinforcing concerns that the Fed will maintain higher rates for longer. ⚠️ No surprise, as ADP-NF data and Fed funds rate were positive for the dollar. Gold prices back below 3300, selling pressure continues. 🚨/// BUY XAU : zone 3245-3242 SL: 3237 TP: 50 - 100 - 300pips ( 3272 ) 🚨/// SELL XAU : zone 3309 - 3312 SL: 3317 TP: 50 - 100 - 300pips ( 3282 ) Safe and profitable tradingCorrect trend, gold price recovers above 3300Great , + 210 pips signal SELL gold 3309-3312