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

From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5-day and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. Therefore, gold has experienced a big rise and fall in this cycle, and it is possible to rise or fall now. In the short cycle, first pay attention to the support effect of 3360-3350 under the weakness of the early trading. If it is not broken, you can continue to be bullish, with the upper target at 3400, and then look at 3430 if the strength is strong.I send trading signals in the link every week, with an accuracy rate of over 80%. If you are a novice or are losing money, follow me and your profits will double.