Technical analysis by FaithdrivenTrades about Symbol PAXG: Buy recommendation (8/7/2025)

I'm still optimistic about Gold heading higher based on the following key macro factors: 🟡 1. USD Weakness Incoming Markets are aggressively pricing in rate cuts by the Fed, with 50bps of easing expected by year-end. A weaker dollar typically supports gold upside. 🟥 2. JPY Under Pressure from Tariffs The U.S. has imposed 25% tariffs on Japanese goods and is now threatening an additional 15%. This weakens the yen, pushing safe-haven demand toward gold instead. 🇬🇧 3. GBP Set for Rate Cuts The Bank of England is on the verge of cutting rates—possibly as early as this month—due to slowing economic momentum and rising risks. This puts pressure on the pound and further supports gold. 🧠 Bias Summary: ✅ Gold supported by global central bank easing cycle ✅ USD, GBP, and JPY macro vulnerabilities boosting demand ✅ Real yields expected to soften = bullish for non-yielding assets like gold