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

Gold rebounded from around 3315 and has now reached above 3340. According to the current structure, gold tends to rebound upward. But the characteristics of the recent market trends are also very obvious. Gold has risen with difficulty, but has retreated very quickly! Overall, there was no continuation in the process of long and short games, which was disorderly fluctuation.According to the current structure, as long as gold cannot break through the 3350-3355 area and the bulls have not completely gained the upper hand, gold still has the potential to go down and test the 3320-3310 area again. Therefore, for short-term trading, we should not chase gold too much, and we can still try to short gold with the 3345-3355 area as resistance.I have shorted gold as planned. Although gold continues to rebound, the rebound momentum has weakened and it has not yet broken through the area around 3350, so the gold short force still has a chance to counterattack. Do you have the courage to short gold with me?Today is definitely a fruitful day for me !!!Although my first short position near 3345 only retreated to around 3326 and did not hit TP: 3325, I promptly manually close the order near 3330. Compared with the low point of 3326, we gave up some profits, but we still made a profit of almost 150pips overall;Just now, gold rose sharply with the help of the positive impact of CPI data. I promptly notified everyone to re-short gold near 3360 and set TP: 3340. Just now, gold perfectly hit TP: 3340 during the retreat process, and we made a profit of 200pips again;We made a profit of 350pips in two short transactions, which is a very worthy short-term transaction! I have made quite satisfactory profits in the past two days. Let's raise a toast here together!