Technical analysis by Reliable_Trading about Symbol PAXG: Sell recommendation (10/30/2025)

We did not trade yesterday. Firstly, gold prices moved rapidly and unpredictably. Secondly, the Fed's interest rate decision and Powell's remarks caused market sentiment to fluctuate, making trading risky. Yesterday, the Federal Reserve cut interest rates by 25 basis points as expected, which was in line with market expectations and was beneficial to the gold market. The overall tone of the Fed meeting was slightly hawkish and cautious. More importantly, the Fed did not stop reducing its balance sheet during this meeting. Subsequently, Powell explicitly stated that whether there would be another rate cut at the next meeting (December) was "not a done deal," implying that there might not be a rate cut in December. Market expectations for a December rate cut immediately decreased. Powell's hawkish remarks and the internal divisions within the Fed suggest that future rate cuts will not be so smooth. For gold, the rate cut has been implemented, and the impact has been largely absorbed. Gold's upward momentum is not strong, and Powell's remarks have diverted some of the positive effects of the rate cut, suggesting that gold prices may continue to retreat in the short term. Gold prices just rebounded again to the 4010 resistance level. Based on this information, we've chosen to short at this resistance level. Good luck to us! My advice is this: if gold prices have a chance to return to the 4000-4010 range, you can consider shorting, with a target of 3950 first, then 3920.Gold has broken through the 4000-4010 resistance zone and entered a new resistance zone of 4025-4030. If this level is also broken, then you should not short gold; otherwise, you can hold your short position or even add to it.