Technical analysis by NuggetsWarriors about Symbol PAXG: Sell recommendation (6/23/2025)

Market news: On Monday (June 23), spot gold fell after opening sharply higher. The US dollar index hit a three-week high, while US stock index futures fell nearly 1%. Earlier, the United States launched a strike on three nuclear facilities in Iran. The US State Department issued a global alert, advising American citizens overseas to be vigilant. Affected by the escalating tensions in the Middle East, international gold and crude oil both opened sharply higher on Monday. Investors are worried that the escalation of the situation in the Middle East may push up energy prices, thereby exacerbating global inflationary pressures. There are too many long orders at high levels in gold at present, and the market will not rise easily. The current international situation is so tense that gold opened high and fell slowly. It is difficult to rebound sharply in this situation. The Federal Reserve did not immediately start the easing policy, and the strengthening of the US dollar exacerbated the selling pressure. As the global economic vane continues to turn, this week is destined to be a highlight moment in the financial market. From geopolitical tensions to the latest trends in the global purchasing managers' index (PMI), to the heavy speeches of senior central bank officials, traders and investors will face an information-intensive test.Technical Review: The Federal Reserve kept interest rates unchanged and released hawkish signals. It is expected that there will be only two interest rate cuts by the end of 2025, and the interest rate cut expectations for 2026 and 2027 will be postponed. The market's expectations for the pace of interest rate cuts have been revised, and the actual interest rate expectations have risen. The US dollar index rose and fell, hitting a weekly high and then fell again. The situation in the Middle East continues to ferment, the conflict between Israel and Iran has escalated, the risk of US intervention has increased, and the risk aversion sentiment has heated up again, causing gold to open sharply higher in early trading on Monday. The gold daily chart jumped high and rose sharply by 3396. The price is above the MA10-day moving average of 3370, the MA7/10-day moving average continues to open upward, the RSI indicator is above the middle axis, and the price remains in the upper track of the Bollinger Band channel. The short-term four-hour chart MA10/7-day moving average glues the price at 3365/62, and the 26-period Bollinger Band closes. The hourly moving average golden cross opens upward, the Bollinger Band opens upward, and the RSI indicator 50 value runs above the middle axis. The rise in gold risk aversion has boosted gold prices. The trading strategy at the beginning of the week is to buy at low prices and sell at high prices.Today's analysis:Gold opened high and went high in the Asian session under the risk aversion stimulus of the weekend, but the good times did not last long. Gold started to rise and fall directly. Gold has a temptation to buy more, so the gold bulls may be short-lived again. Then the high gold price may be a temptation to buy. The market is changing rapidly, especially this kind of market stimulated by news. We must pay attention to the sustainability after the news stimulation. Gold buying is short-lived, and gold selling is still very likely. Continue to sell after the intraday rebound.      The gold 1-hour moving average still has no signs of turning, indicating that the amount of gold buying is not continuous, and it is just taking advantage of the risk aversion stimulus to rush upward directly, but in the end it was unsuccessful. Gold rushed to the 3397 line only to fall below 3380 again, so the gold 3380 line did not effectively stand firm, and the intraday rebound was under pressure below 3380 and could continue to sell.Operation ideas:Buy short-term gold at 3337-3340, stop loss at 3328, target at 3370-3390;Sell short-term gold at 3370-3380, stop loss at 3390, target at 3340-3320;Key points:First support level: 3340, second support level: 3328, third support level: 3315First resistance level: 3377, second resistance level: 3396, third resistance level: 3410Yesterday we sold gold when it rebounded to 3390. Now the market price has reached our strategic target and even exceeded our expectations. We have made a huge profit. Now we will analyze the next trading signal. If you need it, please contact me to get it!The goal has been reached, we will analyze the next trading signal. If you need it, please click Contact Me to get it.