Technical analysis by MariaLee66 about Symbol PAXG: Sell recommendation (5/12/2025)

Technical analysis of gold: Affected by the optimistic news about Sino-US trade, spot gold opened sharply lower, and then the price of gold further declined. The current price of gold is around 3226 US dollars per ounce, and it has plunged nearly 110 US dollars in the day. Since the opening of gold, it has jumped down to 3275, and then rebounded to 3292, and then began to fall. As of now, gold has touched 3216 and then fluctuated upward. The bulls are temporarily suppressed. We still focus on rebounding and shorting. After all, the general trend is bearish. The upper 3280-3290 line is the main short-term suppression level at present. If the rebound is not broken, it can continue to be short. The short position may continue to reach a new low. Pay attention to the support of the 3200 mark. Due to the easing of the Sino-US trade war, gold opened directly in the morning. The plunge we expected last week came ahead of schedule. The plunge we expected last week came directly ahead of time. There was a technical gap above the early trading. Therefore, it is not recommended to blindly chase shorts at the moment. It is more reasonable to consider after filling the gap.From the gold hourly chart, the focus below is on the 3200 integer mark. If the market stabilizes below 3200, then this is a big double top, and the next decline will extend to the vicinity of the 3000 integer mark. On the contrary, if the 3200 mark is not broken, then the bulls will fight back, at least they will fill the gap again! Therefore, in terms of operation, it is not recommended to chase the short now, and it is recommended to wait for the fall back to the 3200-3210 area to stabilize and buy! On the whole, today's short-term operation of gold recommends mainly shorting on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the first-line resistance of 3280-3290, and the bottom short-term will focus on the first-line support of 3200-3202. Friends, you must keep up with the rhythm.Short order strategy:Strategy 1: Short 20% of the position in batches when gold rebounds to around 3280-3290, stop loss 10 points, target around 3250-3230, and look at the 3200 line if it breaks;Long order strategy:Strategy 2: Long 20% ​​of the position in batches when gold pulls back to around 3200-3203, stop loss 10 points, target around 3230-3250, and look at the 3280 line if it breaks;Dear traders, trading is not gambling. Don't invest all your hard-earned money into the market. If you find the right trading direction, I believe trading will be smooth sailing for you. And you need to control risks reasonably, which is crucial to your account. Click my link and contact me. I can guarantee you 100% stable profit every week.