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

There is a reason why gold fell sharply by $60 in the early trading. From a technical perspective, the price surged and approached 0.809, so with the start of the China-US dialogue, risk aversion will also cool down. On the disk, the price surged and fell in the early trading, and the price just returned to the 5-day moving average of the 720-minute chart, so there was a rebound, but the strength of the rebound was obviously weakening. The price was suppressed as soon as it went up in five minutes, so if the second wave of long orders is entered, it should be above the four-hour line. As for shorting, the price has retreated to the inside of the channel, so the rebound cannot be too high. If it reaches 3430 again, it will form a shock, so the corresponding pressure is at 3397 and 3405. Today's market is destined to be not calm, and there will be huge fluctuations up and down. It surged and fell in the early trading, and the key support below is 3352, followed by 3320. The current market sentiment is complicated, with geopolitical risks and long profit-taking coexisting. In the short term, we need to be vigilant against the risk of technical correction. On the whole, Jin Shengfu recommends shorting on rebounds and long on pullbacks for today's short-term gold operation strategy. The short-term focus on the upper side is the 3400-3405 line of resistance, and the short-term focus on the lower side is the 3350-3300 line of support.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.