Technical analysis by UnknownUnicorn55352569 about Symbol PAXG: Sell recommendation (7/1/2023)

From the 4-hour chart, gold has formed a single-needle bottoming trend. Since the first-line high point in 1938 was under pressure this week, it has fallen for four consecutive trading days, and there was a slight drop yesterday, rebounded and stopped falling. The K-line structure shows a long lower shadow and regained the 1900 mark. In the short term, this position is still the focus of competition, and entering the weekend, the downside space is relatively limited, and it may be dominated by adjustment or shock correction.theJudging from the 1-hour chart, gold rebounded along with the double yang line, and successfully recovered the falling space of the single yin line. The rapid recovery of the decline also indicates that the short-term weak continuation trend may turn into a shock correction. Bollinger Road closed from the lower track and rebounded steadily to the upper track. It is currently supported at the middle track and shows signs of rebound correction in the short term. However, the dollar is currently slightly stronger, making the short-term space for gold uncertain.theFrom a comprehensive analysis point of view, the short-term operation of gold is suggested to focus on callbacks and longs, supplemented by rebounds from high altitudes. The top short-term focuses on the first-line resistance of 1920-1925, and the bottom short-term focuses on the first-line support of 1900-1895. Although the long-short trend is unclear, but through Thursday's bottoming out, gold is expected to form a certain momentum continuation, which also indirectly supports the possibility of bulls' reversal.Come and learn more trading knowledge and trading details, and you will be successful.The specific transaction is subject to the real-time signal after the market opens.Action suggestionCorrect operating concept and methodhappy and satisfiedProvide a signal.trading on monday