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

🔹Gold (XAU/USD) – 30-Minute Chart Technical Analysis▪️Market Structure:Gold is showing early signs of a bearish shift, having broken below a short-term upward trendline. Price is currently testing a minor support level around $3,350.▪️Key Levels:* Minor Support Level: $3,345-$3,352* Target Area: $3,308-$3,312▪️Price Action Insight:The break of the ascending trendline suggests weakening bullish momentum. A minor retest of the broken trendline appears to have failed, confirming potential for a bearish continuation. Volume supports the bearish sentiment, with increased selling pressure during the breakdown.▪️Outlook:If price sustains below the $3,350 support level, a move toward the $3,308-$3,312 target area is likely. Traders should look for a clean breakdown and retest of support turned resistance for short opportunities.📌 Conclusion:A bearish move is favored below $3,350, with $3,308 as a key downside target. Caution is warranted if bulls reclaim the broken trendline, which could invalidate the setup.🔹Community Insight:If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.▪️Follow for regular updates and trade setups.from 3351