Technical analysis by GoldenViewJake about Symbol PAXG: Sell recommendation (6/11/2025)

Yesterday, the market hit 3349 and formed a false break. It did not stay above 3340 for too long. If the market price fails to stand at 3340, it will not be able to effectively reverse the decline last week. This week, the support performance at the 3300 mark is also outstanding. The test of this area in the previous two trading days has been supported and formed a strong rebound. Gold as a whole has formed a wide range of long and short fluctuations around the 3300-3340 area. In the short term, the gold price stabilizes above 3245 and is expected to further show a bullish rhythm.From the daily level, gold is in a high-level consolidation since the peak of 3500. The current highs of 3500, 3435, and 3403 are gradually moving down, and the lows of 3120, 3245, and 3293 are gradually rising. The range of fluctuations is gradually narrowing, and the Bollinger Bands are flat again, indicating that the current market is in a stalemate between long and short positions, and it is difficult to have a breakthrough momentum. MA CD indicator is blunted, red and green columns continue to shorten, technically lack trend opportunities, short-term market may continue to fluctuate, breakout needs to wait for major news to stimulate the breakthrough direction, gold bottomed out at 3293 on Monday, pierced the middle track and rebounded to close with a small positive line, the closing line is still below the 10-day moving average, on Tuesday it continued to rebound, although it broke through the 5-day moving average but went high and fell, so today's lock range is 3293-3350On the whole, today's short-term operation strategy for gold is recommended to sell at the rebound high as the main, and buy at the pullback as the auxiliary, the upper short-term focus is on the 3345-3350 line of resistance, and the lower short-term focus is on the 3310-3300 line of support.Gold strategy:Buy range: 3305-3300, SL: 3290, TP: 3325-3335Sell range: 3345-3350, SL: 3360, TP: 3330-3320Key points:First support: 3305, second support: 3300, third support: 3290First resistance: 3345, second resistance: 3350, third resistance: 3360