Technical analysis by NuggetsWarriors about Symbol PAXG: Sell recommendation (6/25/2025)

Market news:In early Asian trading on Wednesday (June 25), spot gold fluctuated upward and is currently trading around $3,330 per ounce. Earlier, Iran and Israel announced a ceasefire, which weakened the safe-haven demand for international gold. Fed Chairman Powell's cautious attitude towards interest rate cuts also disappointed gold bulls. Gold prices plummeted, and London gold prices hit their lowest level in more than two weeks!In the past few weeks, the military confrontation between Israel and Iran once pushed up gold's safe-haven buying, but with the conclusion of the ceasefire agreement, the market quickly turned to risk-taking mode, global stock markets rose, and the US dollar fell. The direct trigger for the decline in gold prices was the news that Israel and Iran announced a ceasefire. This news quickly cooled the market's risk aversion, and the attractiveness of gold as a traditional safe-haven asset weakened. From a long-term perspective, gold's position as an anti-inflation and safe-haven asset remains solid. Although the current market is suppressed by the dual pressure of geopolitical easing and the Fed's wait-and-see attitude, global economic uncertainty still exists. In addition, the weakening of the US dollar and the potential rise in inflation expectations will also provide support for gold prices. Pay close attention to the policy trends of the Federal Reserve and the further development of the situation in the Middle East!Technical Review:The gold market is currently in a stage of daily-level shock and retracement. The closing of the small Yinxing candlestick pattern directly shows the fierce competition between buyers and sellers at high levels. Since the beginning of this week, the price of gold has continued to hover below the 3400 mark. Although it has tried to rise many times, it has never been able to break through the mark and finally closed with a decline. Technically, the price of gold fell below the key support level of 3300 yesterday and fluctuated downward throughout the day. The US market completed the expected short-term accelerated decline of 3295 target. The daily chart New York closing price once again lost the MA10/7-day moving average at a high of 3373 and opened downward. The price is running in the middle and lower track of the Bollinger band, and the RSI indicator breaks through the middle axis 50 value. The short-term four-hour chart moving average system opens downward and the price extends the MA10-day moving average to oscillate downward. The 10-day moving average moves down to 3339 to suppress it. The RSI indicator runs below the middle axis and the Bollinger band opens downward. The main idea of ​​today's trading is to sell at a high price on the rebound!Today’s analysis:Gold fell all day yesterday, and fell more than $100 in the past two days. The direction of the market is very clear. Before the gold price rises strongly, any rebound is an opportunity for us to sell! Today, gold in the Asian session did not break the low point as usual, but was in a rebound correction stage, but the rebound is exactly what we want! Because it can fall better after the rebound!The gold 1-hour moving average continues to sell downward. After gold fell below the previous low of 3340 yesterday, gold has not been able to rebound again. In the short term, 3340 has become the key to buying and selling, and it has formed a short-term suppression. If gold breaks through 3340 again, then gold may start to fluctuate again. Before breaking through 3340, gold is still weak and continues to maintain a selling trend.Operation ideas:Buy short-term gold at 3300-3303, stop loss 3292, target 3340-3360;Sell short-term gold at 3352-3355, stop loss 3364, target 3310-3300;Key points:First support level: 3315, second support level: 3303, third support level: 3290First resistance level: 3340, second resistance level: 3355, third resistance level: 3373In my career, I have seen countless traders who lost their accounts because they were not professional enough and could not judge when to buy and sell. This made me feel very sorry. The purpose of coming to this market is to achieve stable profits, but most people treat investment transactions as gambling. No gambler in history can win for a long time. The end of gamblers is to lose everything. I have helped many friends to establish correct investment thinking, shared a lot of professional knowledge, and obtained lasting and stable profits. If you want to be a successful trader, contact me!