Technical analysis by FrankFx14 about Symbol PAXG: Sell recommendation (5/30/2025)

Gold (XAUUSD) is flashing warning signs as we head into June. After rejecting the strong supply zone near $3,434, the price is showing clear signs of exhaustion.🔍 What We’re Seeing:Supply Zone Rejection: Price failed to break above $3,434—highlighted by strong volume and visible selling pressure.Double Top Pattern? Price action is hinting at a potential double top near the highs of May.Support Zones to Watch:First Target: $3,068.11 – previously a major breakout level.Stronger Demand: $2,728.13 – backed by high volume and visible accumulation zone.🧠 Market Psychology Insight: Retail buyers got trapped near the highs. If $3,068 breaks, panic selling could trigger a cascade down to $2,728.📉 Bearish Bias Activation:If we get a confirmed close below $3,068, I expect a sharp move down.Red arrows indicate potential path if bearish momentum builds.🕵️‍♂️ What I’m Watching:How price reacts to $3,068 support.Volume confirmation and breakout candle on the 4H chart.Economic calendar – any USD strength could accelerate this move.---📊 Trading Plan:🔴 Sell Trigger: Break and retest below $3,068.🎯 Target 1: $2,728 (demand zone)❌ Invalidation: A strong 4H close above $3,434 zone cancels this setup.