Technical analysis by Lion_Trading_Master about Symbol PAXG: Sell recommendation (2/10/2025)

Due to the impact of geopolitical factors, the market's risk - aversion sentiment has escalated again. Gold prices rose and broke through the $2,900 mark on Monday this week, clearly exceeding the expectations of most people. I have been trading for over ten years, and this is the first time I've encountered such a situation with gold. Currently, most market analyses still suggest that gold will rise again. However, I believe that the future market presents greater risks as well as more opportunities.First of all, the global inflationary economy will continue to develop. Gold prices will surely remain at a relatively high level this year. From a technical - analysis perspective, if gold is to rise again, it must first experience a downward adjustment before another upward movement can occur. Therefore, my strategy remains to take short positions at appropriate and safe levels to obtain short - term trading profits, thus steadily increasing the account balance.Today's trading strategy for gold:Sell XAUUSD @2910 - 2920TP: 2900 - 2890 - 2880I will send accurate signals every day to obtain market profits. If you also need professional guidance, you can click the link below the article to get it.The first take - profit level has been reached. You can close 80% of the position. The profit from this short - term trade is sufficient. The remaining orders can be closed at any time.