Technical analysis by fdvdfvfddffdgfdg about Symbol PAXG on 5/29/2025

Market reviewSpot gold fell rapidly at the opening, continuing the recent weak and volatile pattern. The Fed's policy expectations and geopolitical risks form a long-short tug-of-war, and the short-term technical side of the gold price shows obvious bearish signals.Fundamental analysisMonetary policy suppression: The minutes of the Fed's May meeting reiterated that interest rates would remain stable, and officials were not confident that inflation would fall, suggesting that the timing of the rate cut may be delayed. The US dollar index rebounded above 99.6 with support, raising the cost of gold pricing.Safe-haven support remains: The uncertainty of the situation in the Middle East (Israel-Iran relations) and the continued demand for gold purchases by global central banks limit the downward space of gold prices, but fail to reverse the current decline.Technical analysis (1 hour level)Trend structure: The Bollinger Bands open downward, the gold price runs along the lower track, the moving average system (5/10/20 cycles) is in a short position, and the MACD is below the zero axis. The volume is large, and the short-term weak pattern is established.Key position: 3290 above is the watershed between long and short positions. If the rebound fails to break through, the downward channel will continue; the support below focuses on the 3240-3230 area, and a break may trigger an accelerated bottoming out.Operation logic: Mainly high-altitude, enter short positions after rebounding to the resistance area under pressure.Intraday trading strategyShort position layout: short in the 3285-3290 area, stop loss 3298, target 3275-3265 (hold to 3240 after breaking).Long position caution: If the 3230-3240 support area is touched for the first time, a light position can be tried, stop loss 3222, target 3250.Risk warningPay attention to the US GDP and PCE data in the evening. If the inflation index exceeds expectations or strengthens hawkish expectations, gold prices may be further under pressure.