Technical analysis by WinifredWalsh about Symbol PAXG: Sell recommendation (5/7/2025)

Technical analysis of gold: Breaking news, China and the United States are preparing for tariff talks, which is a major negative. Gold plunged more than $60 from the 3438 USD line in the early trading, and it should have reached the top within the day; if there is no major positive push, the early high of 3438 should not be broken again, otherwise once it breaks through 3500, it will definitely break, but it is unclear how far it will go above 3500. Gold started to retrace from the 3438 position in the early trading. It is currently expected to stop falling at the 3350 support area in the early trading. In the short term, it is necessary to pay attention to whether the gold weekly line will form an evening star pattern. Once the evening star structure is formed, gold will most likely confirm that it has peaked in stages, and will experience a large-scale retracement in conjunction with the weekly top divergence! However, the daily trend is relatively repeated, so we still need to focus on the impact of news on the trend!I will post trading signals in the link every week, with an accuracy rate of over 80%. I hope it will be helpful to you.I will post trading signals in the link every week, with an accuracy rate of over 80%. I hope it will be helpful to you. We will bring you high profits every week, otherwise we will not charge any fees.