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

Gold is likely to enter a back-and-forth oscillation mode next, and it is likely to follow a yin-yang alternating market of "rising one day and falling the next day". Focus on the 10-day moving average support level of 3180, because the market often likes to play the "false breakthrough" drama, and it may not touch the lower track at all. Therefore, in the medium-term trend, the bullish pattern has not changed at all, and the technical indicators may be corrected through this wide range of fluctuations in the next few weeks. As long as this wave of adjustments can hold the closing price of the 10-day moving average and the support level of the lower track of the channel, after the shock ends, gold will most likely continue to rise unilaterally, and the longer the brewing time, the greater the space for breaking through new highs in the later period. As long as there is no deep correction of the fourth wave at the monthly level, the adjustment range will not be too large, and it is likely to hold above 3167.1. It is recommended to go short near the rebound of 3258-3261 for gold, with a stop loss at 3266, and look at 3240 in the short term, with a target of 3230-3220Trading is not gambling. If you want to make money in this market, you must keep learning. If you don’t understand, you can click my link. I hope it will be helpful to you.