Technical analysis by Gold_Hunters_Club about Symbol PAXG: Sell recommendation (8/15/2025)

Gold attracts some intraday selling near the $3,375 area and drops to a fresh daily low during the first half of the European session, snapping a two-day winning streak. The risk sentiment remains well supported by the recent optimism over an extension of the US-China trade truce for another three months and the US-Russia summit on Friday aimed at ending the war in Ukraine. Gold (XAU/USD) reversal from last week's highs right above $3,400 has been contained at the $3,335-$3,345 area, where the pair has found support at August 4 and 5 lows, and the 50% Fibonacci retracement of the early August rally. The precious metal has been trading without a clear bias during the last few days, and upside attempts remain capped on Thursday, with investors watching from the sidelines, ahead og US Jobless Claims and PPI data releases, due later on the day.