Technical analysis by Moon-ForexAcademy about Symbol PAXG: Buy recommendation (8/5/2025)

XAU / USD : trend forecast August 05, 2025 ⚠️Gold edged higher on Monday, buoyed by growing bets on a Fed rate cut after Friday’s weak Nonfarm Payrolls report. XAU/USD climbed to $3,375, up 0.39% on the day, as markets now price in an 87% chance of a September 17 rate cut. The disappointing labor data signaled early signs of a cooling job market, with May and June payrolls revised down by a massive 258K. The revisions support Fed Governor Christopher Waller’s dovish pivot last week, where he downplayed tariff-driven inflation and raised concerns about labor market softness and the Fed's full employment mandate. As rate cut expectations gain traction, the yellow metal remains well-supported. ⚠️ Gold price continues to maintain the uptrend line, touching resistance at 3385. Buying power is still very optimistic about an early interest rate cut. 🚨/// BUY XAU : zone 3314-3311 SL: 3306 TP: 50 - 100 - 300pips ( 3341 ) 🚨/// SELL XAU : zone 3416 - 3419 SL: 3424 TP: 50 - 100 - 300pips ( 3389 ) Safe and profitable tradingGold price returns to 3365-3360 price range, taking liquidity around the uptrend line