Technical analysis by DickSharp about Symbol PAXG on 5/12/2025

Gold closed with a long upper shadow last week. The market failed to reach the top for the second time. The second high point of 3435 has been formed. Today, Monday, due to the easing of international trade relations and the decline of risk aversion in the geopolitical situation, gold opened sharply lower. The current price has lost the 5-week moving average. This week, we need to pay attention to the break of weekly MA5 and MA10. If it stands on the 5-week moving average again, the market will return to a strong position and continue to attack. If it loses the 10-week moving average, the market will further fall to the middle track of 3,000 US dollars. The 10-week moving average is currently around 3186.At the daily level, the Bollinger Bands are closing and flattening, and the 5-day moving average and the 10-day moving average are entangled near the middle track. The current price is running below the middle track, and the 5-day moving average has turned downward. The technical side shows that the current gold price is fluctuating and bearish, and the MACD dead crosses at a high level. The red column continues to shrink. The intraday operation should focus on high-altitude thinking. Pay attention to the 10-day moving average and the middle track 3310-15 area resistance on the top, and pay attention to the support near the lower track of US$3200 on the bottom.At the 4-hour level, the current oscillating downward trend is quite obvious, and the shape is a step-down. MA5 and MA10 are glued together and cross 66ma. MACD crosses and the green column increases in volume. The overall idea of ​​falling back is maintained. The 1-hour moving average is still a short position arrangement with a cross downward. After the gold gap opens low, there is a large gap. The gold rebound is unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of roundabouts in the market. Today's short-term operation is mainly rebound shorting, supplemented by low longs. Pay attention to 3300 and 3320 resistances on the top to participate in high altitude. Pay attention to the morning low point 3260-3245 support aboveIt is recommended to short around 3300-3305, with a stop loss at 3315.5 and a target of 3260-3245-3220, gradually moving downwards.Gold rebounds to 3275-83 line to short, rebound to 3290-95 line to cover short, stop loss 3303, target 3206-3215 line, continue to hold if it breaks, click the link to get accurate trading signals