Technical analysis by H_C_12 about Symbol PAXG on 5/9/2025

Yesterday, gold rose sharply and then fell back. In the early trading, it declined from $3,415. In the evening, after rebounding to $3,369, it continued to decline. By the end of the trading day, it broke below $3,320 and dropped to $3,288. Both the decline in the early trading and the subsequent rebound touched the 0.764 Fibonacci level. The conversion between the top and the bottom formed support, and in the afternoon trading, it rebounded above $3,330, indicating that the rebound trend may not have ended.According to the recent market pattern, the price often hits new highs or lows. The four-hour candlestick chart closed with a medium bullish candlestick and recovered the lower band. It is expected that during the European trading session, the price will rise first and then fall. If it fails to rise, there is a high probability that the price will go up in the evening.XAUUSDsell:3345-3355tp:3305-3295sl:3362I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.Today, the gold market showed a trend of first declining and then rising. In the early trading, the gold price dropped from a high level and then rebounded after hitting the bottom. As of now, the price is still fluctuating within the range. Based on a comprehensive judgment of the technical aspects and market sentiment, it is expected that after the gold price climbs to around $3,350, it is highly likely to start a downward trend.It is worth noting that today is Friday. All transactions must be closed before the corresponding market closes to prevent potential impacts from news during the weekend and avoid unnecessary losses.