Technical analysis by GoldFxMinds about Symbol PAXG: Sell recommendation (5/31/2025)

“Compression in Premium: Is Gold Building for the Drop?”👋 traders — let’s prepare the battlefield.Gold continues to range inside a tight compression box just under the May High. The current daily structure is showing clear signs of distribution inside premium, with multiple failed attempts to break higher. Each upside wick has been absorbed near 3328–3350, and price is now hovering just above key support near EMA50 + PNL (3228–3232).This setup is classic: lower highs + equal lows + trapped liquidity = imminent breakout. We now anticipate either a clean breakdown below support, or one final inducement wick before the move begins.🔹 Daily Structure BreakdownStructure ElementStatusMarket Bias📉 Bearish short-term (distribution signs)TrendSideways in premium, LH formingCurrent Price~3289 USDApril ATH3500 (untouched since)Last CHoCH/BOSBOS confirmed early May → bullish, but no follow-throughCurrent SetupRange-bound inside lower high, testing OB support🔹 Refined Daily Zones📍 Zone TypeKey LevelsWhat to Watch🔺 Rejection Zone #13328 – 3342Daily supply + previous bearish wick zone. Watch for rejection or inducement spike.🔹 Key Support Zone3232 – 3228PNL + EMA50 cluster. Critical line — a clean break opens downside continuation.🔹 Demand Block3190 – 3180Micro OB from May low. If support fails, this is the next magnet.🔻 Breakdown Target3044Unfilled imbalance + clean demand zone from April breakout leg.🔹 EMA & Momentum Check✅ EMA 5/21/50: Still aligned bullish⚠️ Price is sitting on top of EMA50 → breakdown threat if today's candle closes below 3228RSI likely showing divergence — lower highs in price, weakening momentum🔹 Daily Bias & Scenarios📉 Bearish Bias below 3328✅ Compression inside premium = expect breakout🎯 Target 1: 3190 | 🎯 Target 2: 3044❗ Bullish continuation only valid above 3342 with strong PA🧠 Strategy Plan for Monday:Sell Setup:If price retests 3328–3342 early → watch for rejection → short toward 3190Breakdown Setup:Clean close below 3228 → open short continuation toward 3180Buy Setup:Only valid on deep retracement into 3180 with strong rejection + M15 structure shiftOR bullish breakout and hold above 3342 → target retest of May high💬 Final Thoughts from GoldFxMinds:Gold is compressing just below premium rejection — exactly where smart money distribution begins. This is not the moment to long blindly. Let the market show its hand — either break support, or spike into one final trap before dropping.Trade with structure. Not emotion.💡 Found this helpful?📍 Follow GoldFxMinds for intraday sniper-entry updates, refined zones, and structured trade planning💬 Drop a LIKE if you’re prepared to let the trap trigger before you react👇 Comment below: Will gold hold 3228 or flush into 3190 this week?Let’s start June with clarity and control.— GoldFxMinds🔄 Breakout in Premium: Is Gold Preparing for the Final Extension?👋 traders — the trap is triggered. Now we adapt the battlefield.After compressing just under the May High, gold finally broke out of the distribution box — confirming bullish continuation and flipping the short-term narrative. Price has now invalidated 3328–3342 supply and is pushing above 3375, reclaiming momentum with force.We're now sitting in a key reaction zone, but no signs of reversal yet. Bulls are in control — unless we see a confirmed CHoCH from premium.🔹 Daily Structure BreakdownStructure ElementStatusMarket Bias📈 Bullish (after breakout above 3342)TrendStrong upward continuation from compressionCurrent Price~3378 USDApril ATH3500Last BOSConfirmed after reclaim of 3342Current SetupBullish breakout → possible push into final extension🔹 Refined Daily Zones📍 Zone TypeKey LevelsWhat to Watch🔺 Final Bullish Trap3385 – 3405Last premium OB + Fib ext + sweep zone🔹 Micro Support3340 – 3328Breakout base — should hold if trend is healthy🔹 HL Buy Zone3298 – 3270FVG + HL origin – deep pullback buys only here🔻 Invalidation ZoneBelow 3228If broken, structure flips back bearish🔹 EMA & Momentum Check✅ EMA 5/21/50: Bullish stack confirmed📈 Price trading above all key EMAs📉 RSI may start showing divergence soon → watch 3405 reaction closely🔹 Daily Bias & Scenarios📈 Bullish Bias while above 3328✅ Momentum breakout confirmed🎯 Target 1: 3405🎯 Target 2: 3440–3458 (extension zone)❗ Bearish reversal only valid with clean M15–H1 CHoCH + close below 3328🧠 Strategy Plan for Tuesday:🔹 Buy Setup:Retracement into 3340–3328 → bullish PA = re-entryDeeper pullback into 3298–3270 → HL zone buy with confirmation🔻 Sell Setup:Only valid at 3405–3458, with strong rejection, CHoCH, and FVG breakEarly selling = high risk of getting trapped💬 Final Thoughts from GoldFxMinds:We waited for structure to speak — and it did.Now that the breakout is confirmed, don’t try to fade momentum without real signals. The market is likely building its final trap — and only clean reaction at 3405+ will tell us if the bulls are done.📌 This is not the time to predict. It’s the time to wait, react, and strike.💡 Found this helpful?📍 Follow GoldFxMinds for sniper entries, smart zone flips, and momentum-based plans💬 Drop a LIKE if you're trading structure, not bias👇 Comment below: Will 3405 reject or are bulls aiming for 3458?Let’s continue June with focus and precision.— GoldFxMinds