Technical analysis by JohnGonzalez7 about Symbol PAXG: Sell recommendation (4/8/2025)

Yesterday, on the technical side of gold, during the Asian session, it rebounded rapidly, but was suppressed at the resistance level of 3055. Then it started to oscillate and decline. In the European and US sessions, it was continuously pressured at the 3045 resistance level, oscillated downward, and broke through the previous low. The gold price accelerated its decline, pierced through the 2960 level, and then stabilized and rebounded near 2957. The daily K - line closed as a hanging - man - shaped medium - sized bearish candle, indicating a pullback after reaching a high. Overall, since hitting a high of 3167 last week, the gold price has been under pressure and has been in a downward - adjusting trend for three consecutive trading days. The hourly moving averages of gold are in an oscillating state, and the bearish momentum of gold has not abated. We should continue to sell gold on rallies as the overall trend of gold remains weak. Gold is still under significant pressure near 3055. If the rally is blocked, keep selling. Analyzing from the 4 - hour chart, the short - term resistance above is around the 3015 - 3024 level, and the support below is around the 2950 - 2953 level. In trading, when it rallies and is pressured at this position, the main strategy is to sell short and expect a downward movement. We should sell short once, taking the 3015 - 3025 level as the reference on the rally. The target below is to continue to break through the previous low. Be cautious with long positions at high levels.XAUUSD Trading Strategy:sell@3015-3025tp:2980-2960I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.All the signals are accurate, and there has been continuous profit-making for two consecutive weeks. 👏 If you are trading following my signals, congratulations on making a certain amount of profits. 🎉