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

Now it seems that 3330 is unlikely to hold, and it is likely to test the resistance level of 3345.From the chart, the gold price rebounded and pulled back at 3328, and it failed to break through near 3310 many times. This is why I remind you to close your positions and lock in profits.At the same time, we can also see that the current downward trend channel has been broken, so the rebound is likely to be extended.The 3345 point has been mentioned many times before. As can be seen from the chart, this is both the previous resistance level and the subsequent support level. The gold price rebound will inevitably test this again.Therefore, I think as long as the gold price rebounds to 3340-3345, you can consider shorting. Otherwise, don't consider it, and make a new trading plan tomorrow.Gold price fell after reaching 3345 as expected. The current price is around 3332. Those who shorted here should have made money. Congratulations.Although gold briefly pierced the support of 3325, the upcoming correction of the US dollar index may increase the pressure on gold to fall. Therefore, friends who hold short positions can now close their positions and lock in profits, and wait for the market to become clear before formulating new trading plans.