Technical analysis by SignalProvider about Symbol PAXG: Sell recommendation (6/6/2025)

Take a look at our analysis for GOLD.Time Frame: 9hCurrent Trend: BearishSentiment: Overbought (based on 7-period RSI)Forecast: BearishThe market is on a crucial zone of supply 3,360.39.The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 3,295.58 level.P.SWe determine oversold/overbought condition with RSI indicator.When it drops below 30 - the market is considered to be oversold.When it bounces above 70 - the market is considered to be overbought.Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.Like and subscribe and comment my ideas if you enjoy them!