Technical analysis by Reliable_Trading about Symbol PAXG: Sell recommendation (5/14/2025)

Just now we shorted gold near the trend line 3240 and successfully hit the target of 3200. Now the price of gold has fallen below 3200 and stabilized near 3180.3200 is an important threshold. As I said before, once it falls below 3200, gold will form an M-shaped double top structure as a whole, and the price may extend to the 3000 mark.I think as long as it cannot stand above 3200 today, gold will have further room to fall, so we can continue to short based on the resistance of 3200.The operation is as follows. I suggest paying attention to the 3190-3200 area. As long as it cannot stand at 3200, you can short gold again in this range. The target is 3180 first, then 3160, 3145Gold rebounded to 3190 as expected and then fell. It has now hit the 3180 target and we are profitable again today.Our strategy of shorting in the 3190-3200 area was very correct. Gold rebounded here as expected, and then fell, triggering the final target of 3145. The profit margin is very large. Congratulations again.