Technical analysis by David_financial_analyst about Symbol PAXG: Sell recommendation (4/23/2025)

Technical analysis of gold:As of press time, the spot gold price fluctuated around $3,310, with a daily high of $3,387/ounce and a low of $3,291/ounce. There are signs of a daily high and a fall, and short-term technical overbought has prompted the bulls to temporarily stop. This retracement came relatively late, but it also conforms to the idea that a long rise will inevitably fall, but the big trend often comes inadvertently, breaking the conventional rising operation system. Referring to the strong rise in the past few days, we can temporarily wait for the low point of the decline before doing anything. For gold above, refer to the gains and losses near the integer mark of $3,368 and $3,390. If it breaks above, refer to the daily error band indicator of $3,400 for short selling. Real-time operation suggestions refer to the support of $3,280-3,285 below to go long! XAUUSD GOLD XAUUSD GOLD