Technical analysis by Fortune-signal about Symbol PAXG: Sell recommendation (5/7/2025)

Gold is under pressure around 3400. Today we will have the Fed's interest rate decision and Powell's speech. If gold is under pressure at 3400, it is expected to fall. Before the data, we need to be cautious. In terms of trading ideas, we can short short-term, pay attention to the short near 3393-96, stop loss 3403, take profit 3360/3350Gold rebounded to around 3398 and then fell slightly. Currently, our short position is making a small profit.Congratulations to those friends who followed the gold long order, you have already made some profitsAt present, our gold short position has gained 15 points of profit. Before the data is released, we need to be cautious. Gold short positions can be closed gradually.Our two gold short orders today were very profitable. If you want to keep up with the next trading idea, you can check my personal profile and I will wait for you there.