Technical analysis by ActuaryJ about Symbol PAXG: Sell recommendation (10/24/2025)

Gold Technical Analysis Daily Resistance: 4380, Support: 4000 4-Hour Resistance: 4165, Support: 4015 1-Hour Resistance: 4105, Support: 4015 On the 1-hour chart, the candlestick pattern forms a short-term rounded top, with the moving averages moving in a downward trend. Watch for the continuation of the decline in the European and American markets. Short-term upward resistance is at 4165, followed by 4200, the short-term bull-bear boundary. The overall rebound momentum for gold prices is limited, so the impact of the NY CPI data will be closely monitored. After plummeting on Tuesday and Wednesday, gold prices rebounded yesterday, but the strength was modest, failing to break through Wednesday's high of 4160, let alone return to 4185 or even 4200. Since the rebound was weak and consolidating at a low level, a new round of decline is likely brewing, likely below 4000. After all, this correction is at the daily level and will not end so quickly. Yesterday, I said a return to around 3800 would be a reasonable level, representing the 50% and 61.8% golden ratios of the rally from around 3311 in mid-August. While this target may seem distant, judging by the pace of decline at the beginning of the week, it might only take two days. In today's NY market, we will continue to sell on rallies. Trading Strategy: SELL: 4105near SELL: 4145near More Analysis →