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

The gold market has experienced dramatic fluctuations recently, and the market is completely dominated by news. Last Friday (May 10), after gold stopped falling and rebounded from 3202, it soared by $236 to a high of 3438 in the first two days of the week, stimulated by Trump's escalation of tariff policy. However, as market sentiment changed, it opened high and fell on Wednesday, and plummeted by $126 in a single day on Thursday. It directly broke through the 3300 mark in early trading on Friday, reaching a low of 3270, giving up nearly $200 in gains in just a few days.Analysis of market driving factors:Tariff policy has become the core variable that dominates the trend of gold. When Trump proposed to increase tariffs, the market was worried about the escalation of the global trade war, and safe-haven funds poured into gold crazily; and once the news showed signs of easing, bulls immediately took profits, causing the gold price to retreat sharply. In contrast, the Federal Reserve's interest rate decision and ongoing geopolitical conflicts have taken a back seat, reflecting the current market's extreme sensitivity to policy risks.From a technical perspective, gold has entered a large shock pattern of fierce competition between bulls and bears. The daily level shows that the long upper shadow middle Yin line closed on Thursday confirmed the short-term top, and the MACD indicator showed a second dead cross, indicating further callback risks. The key resistance is at 3315 (MA10 and the middle track overlap) and 3345 (MA5), and the important support below is at 3237 (MA30) and 3192 (lower track). On the 4-hour chart, the MACD dead cross continues to increase in volume, the Bollinger Bands open downward, and the MA60 moving average 3310 constitutes a key resistance. The hourly line forms a row of top suppression at 3323-24, and 3310-15 becomes an important resistance area for short-term rebound.Trading strategy suggestions:In the current market environment, it is recommended to adopt a strategy that combines trend trading with key position game. On the short side, short with a light position near 3340-3350, stop loss 3360, target 3300-3270;On the long side, focus on the 3270-65 support area. After stabilization, you can try short-term long, stop loss 3260, target 3300-3320;If it further pulls back to the 3230-40 area (daily MA30), you can consider the layout of medium-term long orders, stop loss 3220, target 3280-3300.It is particularly important to be vigilant that once it falls below the 3200 mark, it means that the medium-term trend turns bearish, and you need to stop loss immediately and wait and see.Looking ahead, gold may continue to fluctuate greatly. Investors need to focus on three major focuses: first, the trend of Trump's tariff policy, which is still the core factor affecting gold prices; second, the need for technical correction. After a continuous plunge, there may be a rebound, but attention should be paid to the strong pressure zone of 3345-3370; finally, the change in market sentiment. If the demand for risk aversion continues to cool, the gold price may further test the 3200 mark.Key operation tips:Intraday trading uses 3330 as the long-short watershed. Keep a short-term thinking below, with a target of 3270-3240; if it breaks through 3330, it will switch to a short-term long strategy, with a target of 3345-3370. Mid-term investors can arrange long orders in batches in the 3200-3230 area to bet on the rising opportunities brought about by the policy shift again. It should be emphasized that the current market is volatile, and all transactions should strictly set stop losses to prevent sudden risks.