Technical analysis by fsanalysis6 about Symbol PAXG: Sell recommendation (6/2/2025)

The chart illustrates a potential price rejection setup on XAUUSD, observed near a key resistance area marked as the "Monitor Zone," aligned with the recent weekly high. A short position is considered with an entry around the 3353–3355 range, stop level at 3359, and projected target near 3325. The setup reflects price hesitation and potential reversal after a strong bullish move. The plan focuses on monitoring price behavior within the marked zone for confirmation before execution.Chart Status (XAUUSD – June 2, 2025):Current Price: Around 3353Price Zone: Inside the Monitor Zone, just below the Weekly HighMarket Behavior: Price is consolidating after a strong bullish rallySetup Type: Potential reversal or short opportunity formingEntry Range: 3353–3355 (currently activated or near activation)Stop Level: 3359 (above recent high and zone)Target Level: 3325 (downside objective based on structure)Risk-to-Reward: Favorable, with a well-defined zone and clear invalidationAction: Monitor closely for rejection or breakdown confirmation from the zone✅ **Entry Activated:** 3353–3355* 📉 **Current Price:** Around 3347.94* 🟢 **Position Status:** Over **100 pips in profit** from entry* 📌 **Setup Confirmation:** Clear rejection from the *Monitor Zone* near the weekly high, confirming the initial idea* 🎯 **Target:** 3325 remains intact* ⛔ **Risk Level:** Stop remains at 3359, well-protected above the rejection zone* ⚠️ **Action:** Consider partial profits or trailing stop to lock gains, as price moves favorably toward target