Technical analysis by Mihai_Iacob about Symbol PAXG: Sell recommendation (6/4/2025)

In my previous analysis, I pointed out the possibility of Gold correcting back to retest the broken descending trendline. That zone is now acting as a key confluence area, and as long as the price holds above it, bulls maintain the advantage.However, beyond the technicals, I also shared my personal view: while we could see some upside in the short term (next few days), I believe that Gold is setting up for another leg down in the medium term.From a strictly technical perspective, the current price action reinforces the likelihood of a short-term bounce. We're seeing a clean retest of previous resistance turned support, which often leads to continuation moves.📉 But if you're aiming for 1,000+ pip swings (like me), it's wiser to wait for clear bearish confirmation. The real opportunity may come after this short-term rise, at least in my opinion.In conclusion:- Short term is bullish as long as it stays above 3340-3350 in terms of daily close- In the medium term, my opinion is unchanged, drop to 3200Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.