Technical analysis by Quaid_3 about Symbol PAXG: Sell recommendation (6 hour ago)

The long-term trend for gold remains unchanged, but it may need to digest its gains in the short term. Considering both price action and various structural indicators, the medium- to long-term logic for gold remains solid, but short-term technicals show signs of overheating. The market is more likely to consolidate or undergo a mild pullback to digest recent gains rather than immediately initiating a new round of accelerated upward movement. Overall, the gold bull market is not over, but the market may need a longer period to accumulate momentum before reaching new highs. Gold rose sharply on Friday but began to retreat from the resistance zone. Over the past five trading days, there has been significant disagreement between bulls and bears at the current price, and a decisive breakout has not been achieved in the short term. Given the recent pronounced volatility, the uncertainty surrounding a rapid directional move remains, so trend trading may require patience as the market makes its own decision. For next week's strategy, we maintain our short-term bearish expectation and continue our short-selling approach. While the bulls have put up a strong fight, the expected decline ultimately occurred within the upward resistance zone. In the short term, focus on shorting at the resistance levels of 4350-4355-4375. Traders who held short positions on Friday can continue to wait for prices to fall back to Quaid's predicted level of 4300.I will update more trading information in the channel.