Technical analysis by FrankFx14 about Symbol PAXG: Sell recommendation (6/2/2025)

Gold just tapped into a major supply zone between 3350 - 3355, previously respected as a strong area of rejection. Price has rallied aggressively into this level after consolidating between 3305 and 3252 for several sessions.Now that we're back into this high-volume zone, we could be seeing smart money unloading positions.---⚠️ Levels to Watch🔵 Supply Zone (Resistance): 3350 – 3355 (Price is currently reacting here)🔵 Mid-Level Support: 3305 – was resistance, now may flip as support🟠 Demand Zone (Key Buy Area): 3250 – 3260🔻 Arrows mark potential drop levels if price fails to hold above 3350.---🧠 Smart Money Play?This looks like a potential liquidity grab and reversal. Price ran into premium territory, triggered breakout buyers — and now, institutions might be looking to dump positions before pushing it lower.If we see a bearish engulfing candle or a break back below 3335 with volume, it could confirm the reversal.---📉 Trade Idea (NOT Financial Advice)> Scenario 1: Bearish RejectionEntry: 3349 – 3353TP1: 3305TP2: 3252SL: 3357+> Scenario 2: Bullish BreakoutWait for a clean breakout + retest of 3355Target: 3380 – 3400SL: Below 3345---🗓️ Upcoming USD EventsThree major news releases this week — volatility expected! (See icons on chart)---💬 What’s Your Take on Gold?Is this a trap for bulls, or are we about to see new highs?Drop your thoughts below!👍 Like & Follow if this analysis helps you stay ahead 📈