Technical analysis by Matthew_8888 about Symbol PAXG: Sell recommendation (22 hour ago)

Gold opened higher today, testing the peak at 4381 before coming under pressure and declining. During the session, it pulled back to a low of 4317, rebounded to around the 4345 level, and then started a cascading drop. Currently, it is consolidating with fluctuations near 4266. We have only executed one successful trade during the Asian session so far today, and all traders who followed the operation have gained good profits. As this wave of gold's decline is relatively rapid, for prudence, we can first observe the market temporarily and will inform everyone when there is an opportunity for operation. Trading Strategy Keep an eye on the trend during the European session. If gold fluctuates weakly in the European session, we will go short when it rebounds in the US session. If gold rebounds strongly in the European session, we will go long on gold when it pulls back in the US session. I will update trading signals in real time in the channel. You can follow it if needed.The current international focus remains on the trade negotiations led by China and the United States, as well as the Federal Reserve's interest rate cut expected next week. Tensions persist in the Middle East between Russia and Ukraine, but market sentiment is becoming particularly tense, leading to rapid shifts in bullish and bearish sentiment. From the 1-hour and 4-hour candlestick charts, we can see that gold prices have been fluctuating recently, with significant selling pressure at high levels. If gold prices fail to rise back to 4,300 in the near future, it will enter a period of consolidation, with 4,381 potentially representing a temporary top.Just now, the gold short position shared in the channel has been closed with profit. Congratulations to the investors who followed the signal. Warm Tip: If you're currently investing in GOLD and are confused about market trends or need professional guidance, you can follow me and visit my channel.