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

XAUUSD 04/06 – Gold Awaits Breakout: Will the 3345–3370 Range Explode?Gold is currently consolidating within a critical range between 3345–3370, following a wave 4 correction. After a sharp retracement to the 335x area, traders are closely watching for the next move — either a continuation of the correction or a breakout toward new highs.🌍 MACRO CONTEXTTrump–Xi Call Incoming: A high-level diplomatic call is expected in the coming days. Market participants are anticipating potential shifts in global trade sentiment.US 10-Year Yields remain elevated, keeping pressure on gold in the short term. However, geopolitical risks and macro uncertainty still support demand for safe-haven assets.The US Dollar Index (DXY) is showing signs of weakness after recent strength, which may give gold room for recovery.📉 TECHNICAL ANALYSIS – H1 / H4 TimeframeGold is in a wave 4 structure within a 5-wave Elliott pattern. A break above 3370 could signal the beginning of wave 5, targeting 3400.A breakdown below 3345 would imply deeper correction toward the 332x liquidity zone, completing wave 4 before a bullish continuation.EMAs 13 and 34 remain above EMA200 on H1, indicating the broader uptrend is still intact.🔑 STRATEGIC PRICE LEVELS🟢 BUY ZONE: 3317 – 3315Stop Loss: 3310Take Profit: 3322 → 3326 → 3330 → 3334 → 3338 → 3345 → 3350 → 3360🔴 SELL ZONE: 3372 – 3374Stop Loss: 3378Take Profit: 3368 → 3364 → 3360 → 3356 → 3350 → 3345⚠️ STRATEGY RECOMMENDATIONRespect the 3345–3370 range until a breakout is confirmed.Avoid chasing trades in the middle of the range. Wait for strong rejections or clear breakout confirmations.Be cautious with unexpected news from the Trump–Xi call, which may trigger sudden market volatility.📌 FINAL THOUGHT“Gold is at a turning point. Break above 3370 and we may see wave 5 unfold toward 3400. But a breakdown below 3345 could drag price lower before the next bullish leg begins. Focus on the key zones — volatility is just getting started.”