Technical analysis by L-one1 about Symbol PAXG: Sell recommendation (2/26/2025)

Gold market direction analysis: Technical Analysis of Gold: From the daily level, the technical indicators of the gold market show a clear spacing and they are within the extreme peak purchase. According to the principles of technical analysis, the market has a strong demand for amendment. On this background, gold prices recorded a sharp decrease on Tuesday. Currently, the price of gold has already decreased below short -term support, and the opening price today is less than two moving averages. It turned into strong resistance, which prompted gold prices to continue its landfill. Technically, it is also necessary to issue a comprehensive ruling based on the closing mix for the weekly and monthly levels, so at the present time, it is seen as a natural correction cycle. This correction cycle is turned on by the current small dual summit. After the gold shape is a high structure, fell and penetrated. We have been pessimistic about gold during the past two days. The apostasy is an opportunity for bears. Gold has now begun to form counter pressure at 2920. Gold bounced down to below 2920 in the American market and continued to sell exposed at the heights. The current short -term pressure level is 2925 and 2930. If the price of gold can rise vigorously and penetrate the area of ​​the resistance above, then the amendment of the day will only be short -term, and gold will continue to rise. If there is no penetration, gold is likely to continue to decrease. Focus on the power of support near the 2888 low point. Once this point is lost, this may lead to a further decrease in the price of gold. In general, the short -term gold trading strategy today is the sales of exposed when bounced and purchasing at declines. The short-term concentration on the upper side is the 2920-2930 resistance, and the short-term concentration on the bottom side is support 2888-2890. Friends must keep pace with the rhythm. Reference of the gold operating strategy: the short demand strategy: gold in the Asian session 2920-2925 short sale, the goal is about 2900-2895, penetration and adhere