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

Right now, we can see that gold’s upward momentum is starting to stall at a resistance level that has historically acted as a strong barrier and triggered significant reversals in the past. Given its historical relevance, the way price behaves here could increase the likelihood of a pullback if sellers step in.If sellers confirm their presence through bearish signals such as long upper wicks, bearish candlesticks, or fading buyer strength, I believe we could see a move down toward the 3,324 level. However, a clean breakout above this resistance would challenge the bearish outlook and open the door for further upside. This is a critical area where price action is likely to offer valuable clues about the market’s next move.Just my personal view on support and resistance, not financial advice. Always confirm your setups and manage risk accordingly.Good luck!