Technical analysis by KlejdiCuni about Symbol PAXG: Sell recommendation (5/27/2025)

GOLD About To Develop a WXYXZ PatternGOLD it's a very risky trade as we have seen it often rising in days without news or without volume in the market. However, the previous week gold reached 3365 and looks like the top was already completed. Trump's decision to impose 50% tariffs also for Europe made gold bouce on Friday. The current situation looks more stable. As we have seen already, Trump doesn't want to increase tariffs but to reach deals that are better for the US. US and Europe will resume talks soon and this news improved the market sentiment for a slight sell-off on GOLD. The chances are that this was the first movement, and a bigger wave may happen. I don't like gold shorts too much due to the price that moves up often without any clear reason. The pattern this time is showing the possiblitity that it may expand in a large WXYXZ pattern and we could be on the Z wave as shown on the chart. Targets: 3285 ; 3250; 3170 and 3100You may find more details in the chart!Thank you and Good Luck!❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️📣Gold confirms further bearish movement 🎯 Two of our targets have already been hit! 🔥🚀🚀🚀😁Yesterday, a trade court blocked President Donald Trump’s tariffs, ruling that he exceeded his authority by imposing broad duties on imports from U.S. trading partners.This decision triggered a sharp sell-off in gold, driving prices down from 3225.40 to 3245.20, a decline of nearly 2.40%.Since gold reacted strongly to the news, it’s clear that tariffs were the primary catalyst behind its recent move. If the market remains free from external manipulations, the downtrend is likely to continue over the coming days.Gold is currently unfolding the Z wave within the WXYXZ pattern.