Technical analysis by PouyanTradeFX about Symbol PAXG: Sell recommendation (4/6/2025)

👀 Observation:Hello, everyone! I hope you're doing well. I’d like to share my analysis of XAU-USD (Gold) with you.Looking at the chart for gold, I've noticed that after every time gold reaches levels like 1,000, 2,000, or 3,000 dollars, and the first weekly candle closes negative, gold typically starts to correct to the 50% Fibonacci level.Currently, the first weekly negative candle has closed, so I expect a price decline towards the 50% Fibonacci retracement, which brings us to 2,506.27.📉 Expectation:Bearish Scenario: A price decline to 2,506.27 after the first weekly negative candle.💡 Key Levels to Watch:Support: 2,506.27Resistance: Previous highs (1,000, 2,000, 3,000 levels)💬 What do you think about Gold this week? Let me know in the comments!Trade safe