Technical analysis by Gold_Hunters_Club about Symbol PAXG: Sell recommendation (8/27/2025)

Gold loses traction and trades around the $3,380 region per troy ounce on Wednesday in response to renewed upside impulse in the US Dollar, mixed US yields across the curve and some proft taking mood in light of recent strong gains. Gold (XAU/USD) is trading on the back foot on Wednesday as the US Dollar (USD) regains strength and edges higher, despite political turmoil surrounding US President Donald Trump’s attempt to oust Federal Reserve (Fed) Governor Lisa Cook. At the time of writing, XAU/USD is holding near $3,380 at the start of the American session, after briefly slipping to around $3,373 during Asian hours. The move reflects modest profit-taking after climbing to a fresh two-week high. Still, the downside remains cushioned as markets weigh the uncertainty over the Fed’s independence and the dovish tilt in Fed Chair Jerome Powell’s remarks at Jackson Hole, where he hinted that conditions “may warrant” interest rate cuts in the near term.