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

Gold hit a low of 3323 in the morning and then began to rebound strongly, reaching a high of 3386, then fell to a low of 3352, and rebounded to 3372. Gold made a slight correction near 3365 for a while, then fell to 3350, and now rebounded to 3368. There is less than an hour left before the European session. It is currently in the middle of the strong stretch in the morning. Now, gold still has some room for stretching. The upper resistance is currently at 3374-3377, which is expected to be the highest level today, and the lower support is 3340-3330. It is recommended to rebound short.Operation strategy 1: It is recommended to rebound short at 3374-3378, stop loss at 3384, and the target is 3355-3325.The only purpose of trading is to make money. Our weekly profit is more than twice the principal. I think this is more than many people make from part-time jobs. But I also want to remind you that trading is risky and you must have reasonable risk management skills. If you don't understand, you can click on my link and I can help you.