Technical analysis by berkanUsdt about Symbol PAXG: Sell recommendation (9/29/2025)

When I look at the technical appearance of gold, I think the price now reaches a satisfaction point. Following the recent ATH level, I observe that the pricing in these regions is increasingly tired and the loss of momentum became clear. Especially in daily and weekly graphics, although oscillators such as RSI and MACD continue to remain in the extreme purchase zone, the upward movement is now limited and negative incompatibilities begin to signal. This strengthens the likelihood of a technically potential trend return. On the basic side, the majority of macroeconomic data announced last week came above expectations. In particular, data on the inflation and employment market show that the FED will not rush to enter an aggressive interest rate cut, so it may be supportive in terms of the dollar index (DXY) and the US bond rates. This stands out as a negative basic factor for gold. Therefore, both the technical and basic indicators indicate that the likelihood of encountering sales pressure at these high levels of gold increases. Following the existing pricing, it seems more likely to deepen profit realization and test the lower levels in the medium term. For this reason, I start to open sales positions in my portfolio. It is not an investment advice.