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

To be honest, it was beyond my expectation that gold could continue to rebound above 3340. According to my original expectation, the upper limit of gold's rebound in the short term was around 3336-3338. However, gold has already touched around 3342 during the rebound, but because gold failed to close above 3345, I still advocate shorting gold in batches in the 3335-3345 area.Recently, both the long and short sides of gold have not continued, and the overall market tends to be volatile. In the short term, as long as gold does not break through 3345, gold still has a chance to retrace, which also means that the rebound is an opportunity for us to short gold, but with the rebound of gold, we need to moderately reduce the expectation of gold retracement, so for short-term short gold, our primary retracement target is in the 3325-3320 area.So for short-term trading, I think we can still try to short gold again!Gold continued to rebound to the 3345-3350 area. It may not break through 3350 in one fell swoop at present, and this position area has always been a strong resistance area in the previous period. We can still consider adding appropriate positions to short gold.Do you have the guts to short gold with me?We re-opened the short position of gold in the 3335-3345 area and just closed the transaction by hitting TP: 3330. I think it is not the short traders who are uncomfortable now, but the traders who chased the high gold. This is why I insisted on the gold short trade again after manually closing the low short position!