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

The bull market is rising slowly and the overall market is oscillating upward. The key pressure position is near 3387 [this is also the main reason why the market was stuck near 3387 yesterday], and the room for decline near 3387 is still acceptable!The slow bull market broke through the rising position. During the US trading period, the indicator continued to form a golden cross, and the high position continued to form a golden cross, which gave a signal of breaking the top high. Therefore, short selling in the US market is not allowed at will; the upper pressure position is around 3430 and 3450. These two pressures are more obvious.Both of these need to be carefully tasted; in the range of 3390-3340, the market gives us few choices and we can only short under pressure; therefore, short orders were born near 3387 in the white market; in the US market, the indicator fell back to the golden cross at a high level, suggesting a signal of breaking the top high, so the main short position should be avoided blindly.In the 4-hour chart, the market went up and then fell back, and the pattern needs to be sorted out; the random indicator crosses at a high level, and runs downward, and the indicator and the pattern resonate and adjust; the top and bottom conversion below, the support point of the sideways rise is in the range of 3380-3370; if it falls back during the day and keeps going down, then the main trend is to pierce the trend and fall back to the range of 3390-3200; the range span is relatively large! Therefore, be careful to be locked in!In the daily K, the stochastic indicator is currently in the golden cross state, but if it evolves into a dead cross later, it will break the middle track, that is, the position of 3200. Therefore, the daily K is currently restarting the golden cross state, but the market is not very stable!To sum up: Today's short-term is suppressed near 3440, and the short-term decline is expected to be corrected; the support position below is near 3290 and 3205; there are many short-term cards; deal with it according to the rangeGo long when gold falls back to 3355-3365 area, and cover long position when it falls back to 3346-50, stop loss at 3338, target at 3386-3395, click the link to get accurate trading signals