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

Yesterday, gold continued the shock of last week, but there were new moves. The center of gravity of the shock was moving down, and it broke the position of 2891 at midnight last night. This position was the bottom of last week, and it was also the strong support of the daily line and the 4H moving average support. Its breaking means that the shorts have quietly arrived, but the weekly pattern has not yet seen the shorts. The weekly pattern must break the position of 2832 to open the big short of the weekly line. Today, the idea is to be bearish in the short-term trend or bullish. In the short-term operation, it is still bearish following the high altitude. When it reaches the big support, it is necessary to avoid the bulls. The recent ups and downs of gold are very large. What we need is to wait for a good position.The K-line pattern began to bow. Today, the Asian session pays attention to the suppression position of 2901. If it is close, you can boldly short it. If the Asian session has been hovering above 2890, you must pay attention to another suppression position near 2914. If this position is not broken, it is a weak short. If it is broken, we will accidentally see if the previous big shock has not ended.Strong support 2880, pressure 2901, strong pressure 2914, the watershed between strength and weakness of the market is 2901.Operation suggestionGold-----Sell near 2901, target 2880-2860