Technical analysis by Cartela about Symbol PAXG: Sell recommendation (9/5/2025)

Gold is long overbought as we’ve been seeing a strong bullish performance since November 2022 till date without significant correction so far. Right now I believe investors are looking to take their profit so far which will lead to market making some corrective move at-least to the area of 3272.00 before market can pick up again. So far, we’ve had 2 successful bullish wave so I believe before the market will make the 3rd impulse move. We’re going to see some short-term correction. Therefore, we’re already positioned in lower timeframe to rise this trend that’s about to develop in lower timeframe.