Technical analysis by FXNEWSCLUB about Symbol PAXG: Sell recommendation (5/9/2025)

XAUUSD (Gold/USD) – 1H Chart📊 Technical Analysis:Chart Pattern:The chart shows a clear bearish market structure, with successive lower highs and lower lows forming.A bear flag or corrective structure broke to the downside, confirming bearish continuation.There's a clear liquidity sweep near the resistance zone (red area) followed by a rejection, indicating strong seller presence.Key Levels:Resistance Zone: 3330–3345 (highlighted in red) – previous support turned resistance (confirmed by blue arrows).Support Zone: 3202–3223 (highlighted in green) – price is projected to test this demand zone again.Price Action:Sharp rejection from the resistance zone with bearish engulfing candles suggests continued selling pressure.A lower high was recently formed, hinting at a possible final push down to the green zone.Short-Term Bias: BearishEntry: Around 3330–3340Target: 3220–3205 zoneStop Loss: Above 3345 (last swing high)🌍 Fundamental Analysis:US Economic Data:Strong recent US employment numbers or hawkish Fed commentary could be strengthening the USD, pressuring gold.Expectations of higher-for-longer interest rates weigh on non-yielding assets like gold.Geopolitical Landscape:Any cooling in geopolitical tensions or a shift away from safe-haven assets can cause further gold weakness.Inflation Trends:If inflation shows signs of easing in the US, Fed rate hike expectations decline—currently not the case, maintaining bearish pressure on gold.DXY Correlation:The U.S. Dollar Index (DXY) likely remains strong, which inversely affects gold’s value.