Technical analysis by hgyghgyg about Symbol PAXG: Buy recommendation (2/9/2025)

Gold broke through the historical high on Friday, then quickly rushed up and fell back. Gold broke through falsely. Gold 2872 directly reversed short. I also publicly suggested shorting at 2872 before. Gold fell as expected. We always publicly reminded in time at critical moments, and never after the fact. Since gold rushed up and fell back, the breakthrough was invalid, then gold will continue to be under pressure in the short term.The 4-hour moving average of gold began to turn around. If a dead cross is formed downward, then gold will usher in a large adjustment. The 4-hour pattern of gold has now formed a double top structure. Above 2880, it is a heavy pressure trend. Gold will rebound next week and will continue to consider shorting. If gold breaks through 2880 strongly and stabilizes, then gold will be strong and will have the momentum to continue to rise. Then consider following the trend. Now it is under pressure from the double top, and the rebound will continue to be short. Once the neckline at 2833 is broken below, the hourly double top pattern of gold will be established, and gold may peak in the short term.