Technical analysis by FXNEWSCLUB about Symbol PAXG: Sell recommendation (5/13/2025)

XAUUSD (Gold/USD) based on your 4H chart:🔍 Technical Analysis1. Chart Pattern:Rounded Top / M Pattern: Clearly visible on the chart. This suggests bearish reversal, indicating buyers lost control.2. Breakout Confirmation:Price broke the neckline of the rounded top.Formed a bearish flag/channel after the drop (a continuation pattern).Price is currently retesting the previous support as resistance (red box zone ≈ 3276–3284).If price respects this zone, further downside is likely.3. Projection:Arrows show potential continuation to the downside.Final target zone around 3091–3100, which is a key horizontal support level.4. Bearish Rejection Zone:Blue downtrend line + previous support turned resistance = strong confluence area.Ideal place for sellers to re-enter.🧠 Fundamental Analysis (as of May 13, 2025)Let’s consider current fundamentals influencing gold:1. US CPI (Inflation Data) Coming Up:Scheduled this week — if CPI is hotter than expected, the USD may strengthen, pushing gold lower.2. Federal Reserve Tone:Fed has remained cautious with rate cuts.If data supports higher rates for longer, that’s bearish for gold (since gold doesn’t yield interest).3. Geopolitical Uncertainty:Any Middle East or global tensions may temporarily support gold. But if calm prevails, it weakens gold's safe-haven demand.4. Bond Yields Rising:If US 10Y yields rise, that typically pressures gold lower — because investors prefer yielding assets over non-yielding gold.🧩 Conclusion & Trade IdeaBias: Bearish below 3284Trigger: Rejection at resistance zone + confluence with trendlineTarget: 3091Stop-loss: Just above 3284–3290 (based on invalidation zone)