Technical analysis by Quaid-1 about Symbol PAXG on 6/9/2025

The Asian market continued to fall on Friday in the early trading on Monday, reaching a low of around 3293. It then bottomed out and rebounded, reaching a high of around 3325, and is currently maintaining a consolidation around 3320.From the hourly chart, gold is completing the fifth wave in the wave trend; in the short term, gold is in a rebound trend, and has been maintaining this upward trend channel.As long as it cannot fall below 3310 next, the gold rebound has not ended, and it may directly test the top around 3345. Because 3345 is exactly the bottom of the first wave, the rebound trend from 3293 is likely to be the fourth wave.As long as the fourth wave rebound cannot strongly break through the bottom of the first wave at 3345, then the fifth wave will most likely show a downward trend.Therefore, the current trading operation is basically simple;Long strategy: long at 3315-3320, stop loss at 3305, and profit range at 3340-3350.Short selling strategy: wait for the price to stabilize near 3345 and then enter the market to short sell.Important tip: If the price falls from 3345, it is highly likely to go down directly to the low point of 3280-3250.