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

XAU / USD : trend forecast AUGUST 01, 2025 Scalping ⚠️Fed Chair Jerome Powell poured cold water on hopes for a near-term rate cut, stating on Wednesday that it's too early to commit to any policy easing at the September meeting. He maintained that the current slightly restrictive stance remains appropriate given ongoing uncertainty tied to tariffs and inflation, and doesn’t appear to be slowing the economy. That view was supported by the stronger-than-expected Q2 GDP reading, which showed the US economy growing at a solid 3% annualized pace. Adding to the hawkish tilt, Thursday’s data showed the Fed’s preferred inflation gauge — the Core PCE Price Index — ticking up to 2.6% in June, reinforcing expectations that rate cuts will stay off the table for now. ⚠️ Gold price has good buying power in the European session, is breaking the downtrend in H1 frame and heading above 3300 🚨/// BUY GOLD : zone 3294-3291 scalping SL: 3288 TP: 50 - 100 - 200pips ( 3311 ) Safe and profitable tradingGreat signal BUY , FULL TP entry BUY 3294-3291Great , signal entry BUY , increase 3354