Technical analysis by Zhu-Buffett about Symbol PAXG: Sell recommendation (3/10/2025)

Last week's weekly line closed with a small positive line. Bulls and bears played at a high level and fluctuated back and forth 8 times. The pattern showed that it was stuck in a quagmire of volatility. The volatility of gold was due to the decline of the U.S. dollar. In addition, several big data released by the United States were bullish for gold and suppressed the U.S. dollar, making the market confused. The U.S. dollar closed with a large negative line last week. On the contrary, gold did not rise much. This week, our gold trend is bullish. In the short term, we will continue to see fluctuations in the 2931-2891 range. We can intercept it up and down in this 40-point range. In such a market, it is difficult to catch big profits if you chase ups and downs. In addition, gold needs a high-level repair to build a top. The previous weekly top has not been erased. Focus on whether gold can hit a new high again this week.If gold rises first in the Asian session, we will focus on the short position opportunities in the range of 2925-2931. If gold falls, we will focus on the long position opportunities in the range of 2891-2900. Gold fluctuates repeatedly and temporarily in the short term, but we cannot be fooled. The weekly chart and the weekly moving average still support gold. In terms of operation, long positions are the main course and short positions are auxiliary.Support 2900-2891, pressure 2931-2925, the strength and weakness dividing line of the market 2912.Operation suggestionGold-----sell near 2929, target 2900-2891