Technical analysis by lixing_gan about Symbol PAXG: Sell recommendation (8/20/2025)

Gold prices may remain under pressure as easing safe-haven demand and shifting Fed expectations weigh on sentiment. Progress in Russia-Ukraine peace talks and signs of easing US-China trade tensions have reduced geopolitical risk demand, while a firmer US dollar adds to gold’s headwinds. Markets are now pricing an 84% chance of a 0.25% Fed rate cut in September, down from over 90% last week, trimming gold’s appeal as a non-yielding asset. Technically, XAUUSD is consolidating and approaching the lower bound of its Symmetrical Triangle pattern. A bearish breakout and close below the support at 3280 could prompt a steeper drop toward the following support at 3180, while holding within the pattern and rebounding above 3280 may pave the way for a retest of the 3400 resistance. By Li Xing Gan, Financial Markets Strategist Consultant to Exness