Technical analysis by GoldenViewJake about Symbol PAXG: Sell recommendation (6/10/2025)

From the weekly level, gold has fallen back from the peak of 3500. It is still in a wide range of 3500-3120. The overall bullish trend has not changed. In the short term, the adjustment is not over. This week, we need to pay attention to the break of the moving average ma5 and ma10. At present, ma5 and ma10 are glued together and intersected near 3293. If the closing line this week is still stable above this level, the market outlook is further bullish and will attack 3400-3500. If it fails, the market outlook can seek support from the middle track 3120 or even lower. It is not recommended to be overly bearish before the moving average support is broken.From the daily level, the daily line went out of continuous negative on Friday, and the closing line was below MA and MA10. There is further downward momentum in the short term. However, the Bollinger Bands have shown signs of closing from the three lines. It is expected that the possibility of a unilateral formation is not great. Focus on the gains and losses of the middle track 3295. If the middle track is lost, it may fall further to the lower track near 3200. If the middle track is supported, the breakthrough of the moving average needs to be paid attention to. The 5-day moving average is at 3340 and the 10-day moving average is at 3332. Only when it stands on the 5-day moving average again will the market strengthen and rise again.On Monday, the Asian session continued the decline at the end of last Friday and went down and rebounded, with the low point reaching 3293. In the afternoon, the market stabilized and strengthened. The European session continued to break high but the continuity was insufficient, reaching the highest point of 3338, just hitting the daily 10-day moving average, which was also the 0.382 golden section position last Friday. It is temporarily regarded as a weak rebound correction. Overall, the short-term trend of gold is bearish, and the rebound is just a correction to the decline on Friday.On the whole, the short-term operation strategy of gold today is recommended to sell at the rebound high and buy at the low. The short-term focus on the upper side is 3320-3325 resistance, and the short-term focus on the lower side is 3280-3275 support.Gold strategy:Buy range: 3280-3275, SL: 3265, TP: 3300-3310Sell range: 3320-3325, SL: 3335, TP: 3300-3290Key points:First support: 3280, second support: 3275, third support: 3265First resistance: 3320, second resistance: 3325, third resistance: 3335Share my views for free every day