Technical analysis by Reliable_Trading about Symbol PAXG: Sell recommendation (5/28/2025)

Yesterday, gold stabilized and rebounded in the 3290-3300 area as expected, and the rebound high reached 3325. Friends who bought in this area should have made money.Judging from the situation of this rebound, the bullish momentum can be said to be relatively weak. With the current strength, the rebound cannot go too far.From the chart, we can see that the high point of the rebound is gradually moving downward, and the key support area of ​​3290-3300 below is very close, and there is a possibility of breaking at any time. Once it breaks, it will inevitably test 3250 and 3200.Today I will not consider going long on gold. On the contrary, I think the risk of going short will be much smaller.In addition, today will usher in the minutes of the Federal Reserve's May monetary policy meeting, followed by speeches by several Federal Reserve officials. This is the key to speculating whether the Federal Reserve will cut interest rates or not, and we need to pay special attention.