Technical analysis by Steffen_Schade about Symbol PAXG: Sell recommendation (6/9/2025)

Although gold is currently above 3310, it does not mean that gold has stopped falling and stabilized. As long as gold remains below 3330-3340, gold is still in a weak state, so I think the decline of gold may not be over yet. Judging from the current trend, I think gold will have to retest 3300 at least again, or even around 3280 before it will have a chance to stop falling and rebound.So for the grasp of short-term trading opportunities, I think you can consider shorting gold with 3330-3340 as resistance.Gold is currently rebounding again, but the rebound is relatively weak. As long as gold remains below 3330-3340, gold will still be weak and bears still have the potential to continue to fall. We can seize this rebound opportunity to gradually short goldNow is a good time to short gold