Technical analysis by Violet_Trading_Strategy about Symbol PAXG: Sell recommendation (8/18/2025)

Gold continued its weakness after the opening, testing support levels. I believe it remains a bearish market, and if there's a rebound opportunity, consider entering a short position. Gold's weakness persists, and I recommend going short immediately around 3345! Gold's 1-hour moving average continues to form a downward death crossover, indicating a bearish trend. There's still momentum for a short-term decline in gold, and this is merely a normal rebound. If gold continues to rally, a deep V-shaped reversal is possible only if it breaks above 3350. As long as gold doesn't effectively break through 3350, shorting opportunities are present on rallies below 3350. In the short term, watch for risk aversion in the market. If this subsides, gold may see further declines. Today's gold strategy is to primarily go short.