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

Gold’s recent rebound appears corrective within a broader short-term bearish structure. Price action has stalled below the 200-period 4H SMA and key Fib resistance, signaling potential exhaustion. 🔎 Technical Confluence: Rejection from descending trendline resistance 61.8% retracement of the latest drop capped upside near $3,315 Bearish RSI divergence on 1H and 4H Weak momentum on MACD + low ADX signals lack of trend strength 📊 Macro Overlay: Market remains cautious ahead of today’s Core PCE data (expected to cool slightly YoY). Rising real yields and firm USD limit upside in gold, especially as risk-on tone returns temporarily. Positioning data shows speculative longs remain elevated—raising vulnerability to profit-taking. ⚠️ Execution Note: Patience is key—wait for confirmation via bearish engulfing or failure swing near $3,315 before engaging. Lower timeframes show consolidation; a breakdown below $3,290 will likely accelerate toward the $3,274 target.