Technical analysis by Moon-ForexAcademy about Symbol PAXG: Sell recommendation (8/1/2025)

XAU / USD : trend forecast August 01, 2025 ⚠️Gold (XAU/USD) remains under pressure around $3,285 in early Asian trading on Friday, weighed down by a stronger US Dollar following fresh tariff announcements by President Donald Trump. According to the White House, Trump will impose a baseline tariff of 10%, rejecting earlier calls for a higher minimum of 15%. Additionally, he signed an executive order raising tariffs on Canadian imports from 25% to 35%, effective August 1, 2025, while extending Mexico’s current rates by 90 days to allow more time for talks. Market participants are closely monitoring these trade developments ahead of the US July jobs report due later today, with expectations for a 110K increase in nonfarm payrolls and a slight uptick in the unemployment rate to 4.2%. ⚠️ Gold price in downtrend, in wave 5 before NF news. moving steadily below 3300 following the trend line. 🚨/// BUY XAU : zone 3246-3243 SL: 3238 TP: 50 - 100 - 300pips ( 3273 ) 🚨/// SELL XAU : zone 3342 - 3345 SL: 3350 TP: 50 - 100 - 300pips ( 3315 ) Safe and profitable trading