Technical analysis by berkanUsdt about Symbol PAXG: Sell recommendation (9/23/2025)

Gold prices have recently reached critical resistance levels by acting within a strong upward trend. In particular, the fibonacci 1.618 extension level shows that in the short term of technically, the over -purchase zone has been entered. 1. Technical view The RSI (Relative Strength Index) indicator is located in the overcrease area, which increases the likelihood of a possible correction. Testing Fibonacci 1.618 level is generally considered as profit realization zone for technical investors. Therefore, within a few hours, a downward correction wave is likely to begin. 2. Opening of American stock exchanges With the opening of the US markets: Increased risk appetite may reduce safe port demand. In particular, the tendency to turn to stocks can support the short -term sales pressure underneath. 3. Fed President Powell's speech (19:00) Powell's statements are critical for markets. Especially: The use of a hawk ton about interest policy can strengthen the dollar index (DXY). Strong Dollar = Gold -to -print on gold prices. Furthermore, if the message “interest will remain high for a long time”, it may have a negative catalyst effect for gold. 4. Possible Scenario In the short term, profit sales starting from 1.618 fibonacci levels can be accelerated. If the orientation of risky assets increases with the opening of the American stock exchanges, it is likely that the sales below will gain momentum. The pricing that will occur after Powell's speech will further clarify the direction of the movement. 📌 Conclusion: Gold is currently at a critical technical level. With the opening of the US markets and the FED President Powell's statements, the possibility of a downward correction within a few hours is strengthened. Although the medium-long term trend does not break, we are in a region that needs attention for short-term investors. For more, don't forget to follow here and from my social media accounts. It is not an investment advice.