Technical analysis by David_Thompson_9 about Symbol PAXG: Sell recommendation (1/5/2026)

From a technical perspective, gold prices rebounded to the 4450 level, but are now encountering resistance at a key level. On the daily chart, this position is close to the trendline of the previous highs, forming a strong resistance zone. At the same time, the stochastic oscillator (KDJ) has turned downwards in the overbought zone, releasing a short-term overbought pullback signal. Although the MACD bullish momentum bars are running above the zero axis, they have shown a converging trend, indicating that the short-term upward momentum is weakening. If gold prices fail to break through and hold above the key resistance level of 4450, a pullback is highly likely. Initial support can be seen at the 4420 consolidation level. If this level is broken, the price will likely test the psychological support level of 4400. Aggressive traders can establish short positions in the 4450-55 range, but this should only be attempted once. Note that the hourly chart moving average system is still in a bullish alignment, and if the price strongly breaks through 4470, be wary of a possible continuation of the short-term bullish trend. Overall, the plan has a reasonable risk-reward ratio and is in line with the technical expectation of downward pressure in the resistance zone. It is recommended to execute the plan with a small position and closely monitor the potential impact of changes in market sentiment on volatility. XAUUSD GOLD XAUUSD GOLD XAUUSDThe trend perfectly matched expectations, and a profit of 25 points was secured. In gold trading, one must be decisive and quick to seize opportunities. In terms of operation, one should not be hesitant or indecisive.