Technical analysis by RobertaAlsop about Symbol PAXG: Sell recommendation (3/21/2025)

The gold hourly chart is forming a head and shoulders top, and it fell back as expected. Now it has stopped falling at the neckline position of 3022 and rebounded again. However, the 4-hour chart did not close higher, and the market continues to be bearish.Operationally，It is recommended to continue to implement the strategy of increasing positions and short selling below 3037, and continue to watch for a sharp drop!.In terms of short-term gold trading, it is recommended to short on rebounds and long on pullbacksGold operation strategy reference:Short order strategy:Strategy 1: Short 20% of the gold position in batches when gold rebounds to around 3037-3040, stop loss at 3055, target around 3025-3015, and look at 3005 if it breaks;Long order strategy:Strategy 2: Long 20% ​​of the gold position in batches when gold pulls back to around 3003-3005, stop loss at 8 points, target around 3015-3025, and look at 3035 if it breaks;The only purpose of trading is to make money. Our weekly profit is more than twice the principal. I think this is more than many people make from part-time jobs. But I also want to remind you that trading is risky and you must have reasonable risk management skills. If you don't understand, you can click on my link and I can help you.