Technical analysis by GoldenViewJake about Symbol PAXG: Sell recommendation (5/23/2025)

Gold opened slightly higher yesterday at 3319, and then pulled up strongly at 3314 to fill the gap. It reached a high of 3345 and then fell back strongly. The daily line reached a low of 3279 and finally closed at 3294 with a long upper shadow. The long-short watershed is 3280 today, which means that only by breaking 3280 can the decline be opened. At the same time, the intraday moving averages are staggered and there is no unilateral rise for the time being. The current support is concentrated at 3280, the short-term pressure is in the 3325 area, and the mid-line is at 3355. So today's operation is very simple. Sell aggressively when approaching 3325. The main selling is concentrated at 3350 mid-line layout. The Asian session stabilizes at 3286. If it goes long, it will be today's low. If the market falls below 3286 again, first look at the low point of 3279 last night. Once it effectively breaks below 3275, it should not be able to stop looking at 3270. Today, we will not see a big rise or fall for the time being, and tend to fluctuate as the main trend.From the hourly chart, the gold market quickly broke through the 3345 resistance area in the early stage and then quickly fell back. The overall volatility space temporarily maintains two intervals, one is the 3350-3320 high and the 3320-3280 low. Yesterday, the white plate tested the upper 3345 area and then retreated. This is a strong signal of reaching the top! It indicates a correction and callback to the previous stage increase, but the overall pattern is still a wide range of fluctuations! From the short-term trend, the slow decline and retracement of gold was reversed by a positive line. The short-selling force is fierce, but the strength of the long pullback is not weak. The daily K-level price currently seems to have a five-wave callback. Even if it really follows this situation, there is no problem with the price going long today to confirm the top. At present, both short-term long and short positions can be arranged.On the whole, the short-term operation strategy of gold today is recommended to rebound and sell as the main, and the callback is supplemented by long. The short-term focus on the 3345-3350 resistance line on the upper side and the short-term focus on the 3280-3285 support line on the lower side.Gold strategy:Buy range: 3290-3285, SL: 3280, 3310-3320Sell range: 3330-3335, SL: 3340, 3315-3305Key points:First support: 3290, second support: 3285, third support: 3275First resistance: 3330, second resistance: 3335, third resistance: 3345Share my views for free every dayThere are opportunities for both buyers and sellers today.