Technical analysis by NuggetsWarriors about Symbol PAXG: Sell recommendation (6/20/2025)
Gold market analysis:This week's gold market is about to end. This week is actually a volatile market. The market is like this. Last week's big positive line, buying and selling did not continue at all. Buying and selling are hovering in front of fundamentals. We are a very small trader. We need to follow it, not fight it. This week we have been planning to sell. Today's idea is still to follow it and continue to sell. Yesterday, the market fluctuated less, and the daily line closed with a cross star, but the current position is close to the strong support of the weekly line. The strong support platform of the weekly line is around 3330. I estimate that there will be a technical rebound at this position. Short-term play cannot see as far as the weekly line, but it is necessary to know the shape and direction of the weekly line, and also to know its rhythm and possible position of the change. If there is no big accident today, the weekly line is destined to close with a big negative line, then it will continue to fall next week.The hourly decline of gold is very obvious, and selling is cautious. The high point of yesterday's rebound, 3378, is already a new suppression platform. Today's short-term price is selling below 3378. After the opening of the Asian session, gold began to decline and dive. It has just broken a new low. In the past two days, gold has been falling repeatedly, not so straightforwardly. The rebound is our opportunity to sell again.Support 3344, 3330, pressure 3369, 3378, the strength and weakness watershed of the market is 3369.Fundamental analysis:The situation between Iran and Israel has not weakened. In the short term, it does not support gold. In fact, it supports gold in the long term, and it also supports crude oil. In addition, the Fed's monetary policy remains unchanged, which suppresses gold again.Operational suggestions:Gold------sell near 3345-3360, target 3340-3320We will share various trading signals every day. Fans who follow us can get high returns every day. If you want stable profits, you can contact me.
