Technical analysis by Quaid_3 about Symbol PAXG: Sell recommendation (12/19/2025)

Data released on Thursday showed that US CPI in November was unexpectedly soft, a result that boosted US stocks and weakened the dollar. Normally, this kind of dollar movement would be bullish for gold, but this wasn't the case this time, at least not initially. Gold prices initially fell, then found support at lower levels and rebounded, resuming their upward trend. After the sharp drop and subsequent rebound in gold prices on Thursday, the market continued to fluctuate slightly sideways during the Asian and European trading sessions on Friday. With the daily closing price of gold falling below 4350, the support level of 4300 needs to be closely watched. This level is also a potential entry point for bulls, but the Asian and European sessions did not provide an opportunity for bulls to participate. Currently, gold is showing a slight upward trend amidst fluctuations, but there is still significant resistance around 4350. The current strategy is to focus on short positions, specifically shorting at the key level of 4350. If a correction occurs, it will likely touch the support line near 4300, and a further drop to 4270 is also possible. However, if there is a direct upward breakout, we will adjust our strategy accordingly.I will update more trading information in the channel.Prices successfully retreated from the resistance level, and this week's trading has come to a perfect close. We have all made good profits, and short positions can be held until next week's Asian session; continuing the short position could yield even more profits.