Technical analysis by Reliable_Trading about Symbol PAXG: Sell recommendation (5/30/2025)

In yesterday's article, I made it very clear that the market is suspected of being washed out, the purpose is to clear the shorts, and also remind to pay attention to the resistance of 3325. If there is no effective breakthrough, it will fall again.The trend of gold prices is indeed in line with my expectations. In the case of a false break but not a real break, gold fell at 3325, and the lowest reached 3287. The decline space reached 40$ this time. I believe that the short positions here have made a lot of money. Congratulations to the friends who follow the transaction.At present, the gold price fluctuates in the range of 3290-3300. I think this is a swing position and a watershed for the next price trend.If the gold price can fall below the 3290 support level, then the gold price will return to the downward trend, and will inevitably test 3250 or even 3200 again. On the contrary, if the gold price stands above 3300, it is possible to rebound again.In comparison, I think the former is more likely. Specifically, we need to pay attention to how 3290-3300 will go next to formulate a corresponding trading plan.Good luck to everyone!Gold fell further after breaking through the 3290 support as expected