Technical analysis by dgfacpe about Symbol PAXG: Sell recommendation (12/18/2025)

On Thursday (December 18th) in early European trading, the US dollar index was around 98.49; gold prices were around $4326. Today, investors will focus on US CPI data and the interest rate decisions of the European Central Bank and the Bank of England, which are expected to trigger significant market movements. Currently, the market lacks effective stimulus, but undercurrents are strong. The news of a Japanese yen interest rate hike has not yet been finalized, resulting in a lack of continuity in gold's price movements. While I have emphasized that the overall bullish trend for gold remains unchanged, I cautioned against the risk of a pullback. After Monday's sharp rise and fall, Tuesday's wide-ranging fluctuations, and Wednesday's phased rise, gold is currently still oscillating under the previous double-top resistance at 4350. Therefore, this Thursday and Friday, we should also pay attention to the strength of any correction within this strong upward trend and be cautious about stubbornly sticking to a single-directional movement. I believe there is room for a decline in gold on Thursday and Friday. In the short term, watch for support at 4280, and if the downward momentum is strong, it could reach 4250. Please adjust your strategy accordingly. From a technical perspective, the daily and 4-hour charts clearly show that the strong upward trend on the daily chart remains unchanged. With the strong moving averages, a break above 4355 could lead to 4385. However, if the moving average support is broken, and the market reacts differently, the downside potential could widen, potentially reaching last week's low of 4260. The 4-hour chart shows a range-bound movement, with Bollinger Bands narrowing and moving averages converging. The double top at 4350 hasn't been broken. Therefore, shorting below 4350 and targeting a correction is a viable strategy, provided 4355 holds. Thursday's trading should also focus on shorting the trend while also buying on dips. This view remains unchanged for Thursday and Friday: expect an upward move within the trend, but be aware of potential corrections. Based on the current market conditions, Shengfu anticipates gold will test the 4280 and 4260 lows on Thursday and Friday. In summary, the recommended short-term trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is 4350-4353, while the key support level is 4270-4280. Please keep up with the pace of the market.My friend, Christmas is just around the corner, and we've made a substantial profit during this trading period. Listen, December will also see many news events, potentially making it an even more lucrative time. However, without the right methods, you won't make money. If you want to make money, follow me. Your profits will double, and your returns will continue to grow. If you persevere, you can expect to earn at least 150% to 300% profit during this period. You can contact me, and I will help you! t.me/+-CYRAGyBuqtlNmU8 Signals free on Telegram: t.me/+f1MGvACIxPQ5ZWM8