Technical analysis by Fortune-signal about Symbol PAXG on 5/13/2025

Fortune-signal

Gold stabilized after touching the support of the 3193-3202 rising trend line. Although the US market rebounded, it did not form an effective breakthrough. In the short term, it is still dominated by shorts.Short-term strategy: Before 3200 is broken, you can go long on dips. If it falls below, stop the loss decisively, and use a small stop loss to game the potential bull reversal. Whether the 3250 pressure is broken or not determines the short-term directionGold is long near 3220. If it stands at 3250, it may break through 3280/3300.Gold is currently rebounding to around 3250. Have you made money from your long gold position?If gold can hold steady at 3250, there will be room for further gains.If you often lose money or make little profit in trading, you can check out my profile, I hope it will be helpful to you.