Technical analysis by EmmaSaxton about Symbol PAXG on 4/7/2025

Gold plummeted at the opening of Monday, reaching the lowest point of 2972, and then rebounded to 3055. We successfully placed a short order at 3052, and have already made a profit. The hourly moving average of gold crosses downward, and the short position is arranged, and it continues to open downward. So gold is now the home of the shorts. Gold rebounds or continues to short. Gold is now in a short trend below the gap. We continue to pay attention to the short-term suppression of 3055 above, and continue to short if the rebound does not break.From the 4-hour analysis, today's upper short-term resistance is 3055, and the lower line is 3000-3008. In terms of operation, the rebound pressure at this position continues to be short and follow the trend to fall. It is necessary to rely on the rebound to rely on 3055-60 to go short once, and the lower target continues to break the bottom.Gold operation strategy:1. If gold rebounds to 3055-3058, short it, stop loss at 3066, target 3015-3020, continue to hold if it breaks;2. If gold falls back to 3000-3006 but does not break, you can buy it, stop loss at 2993, target 3045-53, continue to hold if it breaksLong 2995-3000, stop loss 2990, target 3015-3020, click the link to get accurate trading signals