Technical analysis by Trending_Gold_Miners about Symbol PAXG on 5/7/2025

Gold intraday trading analysis report: major news gathered, beware of large-scale sweeping marketCore viewpoint:✅ News dominates the market: Tariff negative impact on the market, gold fell rapidly to 3376 in the morning and then corrected in the short term. It is expected to maintain a large range sweep during the day. The overall bias is bearish, but both long and short have trading opportunities.✅ Key resistance and support:Upper resistance: 3405 → 3415-20 → 3438 (early high)Lower support: 3350-55 → 3320-25 → 3300 (psychological barrier)✅ Trading strategy:Mainly high-altitude, relying on the 3405-3420 area to short in batches, stop loss above 3430.Be cautious with low longs, pay attention to the 3324 rising trend line, 3320-25 and 3300 barriers for short-term long opportunities.Technical analysis1. Daily level: Narrowing shock, pay attention to the direction of the break. The three tracks of the Bollinger Bands are narrowing, indicating that the range is compressed and the shock market continues. MACD dead cross shrinks and sticks together, and the smart indicator (STO) quickly repairs upward, indicating a high-level shock pattern.Key points:Upper pressure: 3451-3464 (upper track + parabolic turning point)Lower support: 3323-3296 (if broken, the daily level decline may restart)Today's closing is crucial: If the big Yin falls below yesterday's low (3320), it may start a new round of downward trend.2. 4-hour level: shock repair, pay attention to the middle track supportThe big Yin fell in the early trading, indicating that the short-term has entered the shock correction stage. MACD golden cross shrinks, STO repairs downward, indicating short-term weakness.Key points:Resistance: 3398 (if the rebound is blocked, continue to be bearish)Support: 3320-3304 (middle rail + moving average adhesion area, if it falls below, the trend will turn bearish)3. 1 hour level: short-term weak shockMACD dead cross with large volume, STO downward, there is still downward pressure in the short term.Key points:Resistance: 3401 (if the rebound is not broken, continue to short)Support: 3360 (short-term long-short watershed)Trading strategy and suggestions[Short strategy]Aggressive short order: 3385-87 light position short (breakeven loss), target 3377-3360-50.Steady short order:3397-98 light position short, stop loss 3405, target 3387-3377-3360.3417-19 add short position, stop loss 3430, target down to 3350-3320.【Long Strategy】(Operate with caution)Short long when the rising trend line of 3324 is touched for the first time (strict stop loss at 3315).Light long in the 3320-25 area (defense 3315), target 3340-50.Short long when the 3300 mark is touched for the first time (stop loss 3290), target 3320-40.Risk warning⚠ Today's market fluctuates violently. Affected by the news (tariffs, economic data, etc.), rapid sweeps may occur. Be sure to:Strictly stop loss (to prevent sudden reversals).Avoid heavy positions, and it is safer to build positions in batches.Pay attention to the trend of the US market, and follow up if it breaks through the key position.