Technical analysis by dcnfdcnf about Symbol PAXG: Sell recommendation (2/12/2025)

Gold, this round of prices has been rising slowly since the beginning of the year due to risk aversion, and accelerated after settling at the previous high of 2790; non-farm data fell last week, then broke 2900 again at the beginning of the week due to the impact of tariff policies, and retreated after reaching a high of 2942 on Tuesday; Although the Fed's Powell's testimony denied a rapid rate cut, the overall volatility was not large, and currently showed a short-term stagflation signal, continued to weaken during the day, and pay attention to the impact of the subsequent annual CPI rate; Opening at 2896 in the Asian session, short-term resistance at 2904-2908, strong resistance at 2912-2920; Short term support at 2890, strong support at yesterday's low at 2884-2882, decline to 2870; In terms of operation, the plan for today is to continue the main short position, with specific daily tips; Strategy: Sell near 2906, protect 2916, target 2882; hold if broken;