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

🏆 Gold Market Mid-Term Update📊 Technical Outlook Update🏆 Market Overview▪️correction in progress▪️3285 USD overhead resistance▪️Multiple waves of selling in progress▪️Rejection at 3500 USD key S/R▪️3155 USD logical next target short-term▪️flagging on lower timeframe▪️waves of profit taking pulling prices down▪️3285 USD a good level to SHORT ▪️3145/3155 USD will be targeted by BEARS▪️BULLS wait to BUY/HOLD low later▪️Once the pullback/correction is over📊 Gold Market Summary – May 5, 2025🟡 Current Price: $3,266.20 (+0.82%) 📉 Weekly Close: $3,247.40 (flat for the week after sharp swings)🇺🇸 US Jobs Data: 177K jobs added in April, earnings growth slowed to 0.2%. Market now watching Fed for rate cut signals.🏦Fed Outlook: Mixed data fuels speculation on policy shift. Analysts see gold’s pullback as a new buying opportunity.🌏Asian Demand: China and India remain key forces in price direction, alternating as major buyers.📦Tariff Watch: Ongoing U.S.-China trade tension continues to weigh on risk sentiment, keeping gold in play.🛑Geopolitics: No major updates on Iran-U.S. talks, India-Pakistan, or Russia-Ukraine ceasefire yet. These remain key risk triggers.📈 Market Sentiment: Despite volatility, investor outlook stays bullish. Analysts eye mid-term targets above $4,000 if conditions align.break above 3310/3315 invalidates the third wave of selling.if we break above 3310/3315 today, I will post a new update.will post an update on Tuesday stay tunedGOLD H8 Update: Bulls will target 3600 USDWhy Gold Is Pulling Back Now – May 2025 UpdateGold Market Update: Bears will target 3150 USDVanguard Mega Cap Growth ETF (MGK): FAQ guide before investing