Technical analysis by WinifredWalsh about Symbol PAXG: Sell recommendation (5/6/2025)

Technical analysis of gold: Gold soared all the way after opening on Monday yesterday. Although it retreated slightly during the period, it continued to maintain its strong pace. So far, it has reached a high of around 3386, with an increase of about 150 US dollars. The daily line is also supported by the middle track, directly breaking through the suppression of the moving average system, and allowing the market to become strong again after two weeks of baptism. The strong and rapid rise in the morning of the day also formed two possibilities. Either the bulls will continue to exert their strength, but this requires support in the later period, especially in the European and American sessions of the day. The highest reached around 3386 in the morning and then retreated, and the lowest reached around 3350. If it continues to fluctuate in this range before the European session, it may still have room for upward movement in the later period. On the contrary, if the European session directly breaks through in the opposite direction, it is very likely to be converted into a decline in the shorts, not a retracement correction of the bulls;Friends, if you come to the market to make money, if you are a novice,you want your family to live a rich life, follow me, and your profit will double. I will post trading signals in the link every week, with an accuracy rate of more than 80%, I hope it will be helpful to you.