Technical analysis by EZIO-FX about Symbol PAXG on 9/18/2025

Gold trades lower on Thursday as the US Dollar strength weighs. The Fed delivered its first rate cut since December, lowering the federal funds rate to the 4.00%-4.25 range. The Fed's updated dot plot signaled scope for two more cuts in 2025. Gold (XAU/USD) extends losses on Thursday after a sharp reversal following the Federal Reserve’s (Fed) interest rate decision. The metal briefly spiked to a fresh all-time high near $3,707 in the immediate aftermath of the widely expected 25-basis-point (bps) rate cut on Wednesday, but gains quickly faded as the outcome had already been largely priced in. At the time of writing, XAU/USD is edging lower, reversing after trading in positive territory earlier in the day. The metal is trading around $3,735 during the American session, down nearly 0.80% on the day, weighed down by renewed strength in the US Dollar.