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

https://sahmeto.com/message/3514684
VolatilityWise
VolatilityWise
Rank: 1049
2.7
Sell،Technical،VolatilityWise

The real-time trading signals we provided have been profitable every day. If you don't know how to get started, you can refer to my strategies. 👉🏼👉🏼👉🏼After the gold price broke below 3202 during the US trading session, it rebounded to a high of 3198 at most. This rebound is merely an oversold bounce, and the price subsequently fell back again. Although it has not hit a new low yet, the pattern has weakened, making it difficult to rise again for now. In a weak bearish trend, the price may even struggle to break above 3198. The short-term support below is at 3150-3160.On the 1-hour chart of gold, the death cross in the bearish arrangement continues to point downward, and bearish momentum remains strong. Rebounds still provide opportunities to go short. Due to the lack of obvious sustained upward momentum in the short term, this market is just a rebound. Therefore, it is recommended to short on rebounds during the US gold session.In summary, the current short-term trading strategy for gold is recommended to focus on shorting on rebounds, supplemented by longing on pullbacks. The key short-term resistance level to focus on above is the 3200-3205 range, while the key short-term support level below is the 3150-3160 range.Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽From the current 4 - hour market trend, the upper side focuses on the short - term suppression at the 3227 - 3236 level. The key focus is on the important suppression at the 3258 - 3260 level. The lower side pays attention to the short - term support at the 3206 - 3210 level. Although the bulls are strong, we should be cautious about chasing more positions near the market close. It is advisable to keep an empty position as much as possible and take a rest early.

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$3,185.37
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