Technical analysis by MMFlowTrading about Symbol PAXG: Sell recommendation (5/30/2025)

XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits HardAfter a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUSTrade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.Dollar Index (DXY) remains range-bound, offering no clear direction.Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACTGold is respecting a downward sloping channel on the H1 timeframe.Price failed to hold above EMA 200, reinforcing bearish bias.EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.🔑 KEY PRICE LEVELS TO WATCH🔴 SELL ZONE: 3322 – 3324Stop-Loss: 3328Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280🟢 BUY ZONE: 3266 – 3264Stop-Loss: 3260Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300⚡ BONUS SCALP SETUPSSupport Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.📌 STRATEGY NOTESPriority: Short-term sell bias unless price reclaims 3310 with momentum.Avoid trading in the mid-range; wait for price to reach key reaction zones.Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.