Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (4/22/2025)

Gold Rises on Dip-Buying, Focus Remains on US-China Trade UpdatesGold prices rebounded on Thursday as investors took advantage of the recent dip following a sharp decline in the previous session. However, market focus remains on ongoing U.S.-China trade tensions, which continue to influence sentiment.Technical Outlook:Yesterday, gold dropped from 3347 to 3265, as anticipated.Today, as long as the price trades below 3347, the bearish trend remains in play, targeting 3307.If the price stabilizes below 3307, the further downside is likely to be in 3282 and 3240.For a bullish reversal, gold must close a 1H candle above 3347, which would open the path toward 3376 and 3404.Pivot: 3347Support: 3307 / 3282 / 3240Resistance: 3376 / 3404 / 3434