Technical analysis by Sanmi about Symbol PAXG: Sell recommendation (5/3/2025)

Gold Market Outlook – Weekly UpdateIn our previous weekly analysis, we accurately anticipated a sharp decline in gold prices—and the market responded accordingly.Looking ahead to the new week, our outlook remains firmly bearish. We expect further downside movement in gold, with the $3,000 level serving as the initial target. Any short-term bullish retracements should be viewed as potential opportunities to scale into additional sell positions.That said, we strongly advise traders to exercise caution and implement sound risk and money management strategies to navigate potential volatility.Wishing everyone a successful trading week ahead.– The Investmentlive Trading Desk