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

🟡 GOLD (XAUUSD) Analysis Update – May 13, 2025Initial setup published on May 8:Main bias: Bearish from the resistance level at 3421Targets:🎯 1st target: 3288 🎯 2nd target: 3250🎯 3rd target: 3124🔍 Current Situation:Price is bouncing off last week's weekly low (red line at 3241).A technical rebound up to the 3285 area is possible, which could act as a retest before a continuation to the downside.The downtrend that started on May 7 is still in play, but a daily close below 3241 is needed to confirm continuation towards 3124.📌 Key Levels to Monitor:Main resistance: 3421Intermediate zones: 3288 / 3250Critical support levels:3241 (weekly low – confirmation for further downside if broken)3124 (extended target if breakdown occurs)🧭 Possible Strategies:Aggressive short entry on rejection around 3285, with a stop above 3295–3300More conservative short if there's a confirmed break and close below 3241