Technical analysis by DeGRAM about Symbol PAXG: Sell recommendation (7/31/2025)

📊 Technical Analysis ● XAUUSD is forming a bearish descending wedge within a broader symmetrical triangle, facing rejection at 3,310 near prior support-turned-resistance. ● Repeated failure to hold above trendlines and continued lower highs favor a drop toward the 3,246.56 level, with possible overshoot if support breaks. 💡 Fundamental Analysis ● Rising real yields and hawkish Fed tone continue to pressure gold; ISM Manufacturing Prices and NFP loom as next volatility catalysts. ● Reduced ETF inflows and strong dollar on resilient US macro data weigh on demand for non-yielding assets. ✨ Summary Short bias below 3,310. Breakdown eyes 3,246 → 3,200 zone. Resistance holds while trendline caps recovery. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● XAUUSD remains capped below the long-term resistance line, with a triple-top pattern forming beneath 3,355 and successive lower highs validating the bearish outlook. ● Price has broken below the shaded support zone and rising channel, targeting the 3,262.3 level, with potential extension toward 3,209. 💡 Fundamental Analysis ● US yield curve steepening after Fitch’s downgrade and strong wage inflation has bolstered the dollar, pressuring gold further. ● ETF outflows and subdued central bank purchases continue to weaken physical demand amid resilient US data. ✨ Summary Short setup valid below 3,310. Breakdown targets 3,262 ➜ 3,209. Bearish trend holds under major resistance. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!