Technical analysis by RICHINVESTOR about Symbol PAXG: Sell recommendation (7/27/2025)

In this weekend's analysis on Gold, I recognize a huge resistant at $3,441 while the 50 EMA on the daily is still defending price. Price action is still holding within the Bullish Pennant on the daily chart. However, there is a lot of hesitation for higher price on the monthly chart with RSI overbought and some divergence as well. In view of this my thesis is that Gold continues to consolidate with a strong initial pullback potential to $3,218. This target will cool down the RSI until MACD and Stochastics builds up a bullish signal. I don't expect price to fall below the 21EMA on the weekly chart and that's the line in the sand for Bullish continuation after the pullback. Thanks for your continued support of my publications and have a great trading week. Cheers