Technical analysis by ONE1iMPACT about Symbol PAXG: Sell recommendation (6/8/2025)

📊 CURRENT SNAPSHOT---🎯 THE SETUP: "Golden Triangle Breakout"Gold is sitting at a CRITICAL JUNCTURE - trapped between major support and resistance levels, forming what I call the "Golden Pressure Cooker" pattern.🔍 KEY LEVELS TO WATCH🔴 RESISTANCE ZONE (The Ceiling)* LWH (Last Week High): \$3,403.55 - Ultimate target* LWL (Last Week Low): \$3,297.94 - Immediate resistance* 4H FVG: \$3,350 area - Major supply zone🟡 CURRENT BATTLEFIELD* Price Action: Consolidating in tight range* PWL (Previous Week Low): \$3,245.28 - Key pivot🔴 DANGER ZONE (The Floor)* DIE ZONE: \$3,121.70 - Critical support* Break below = Major bearish signal---📈 MARKET STRUCTURE ANALYSISWhat the Chart is Telling Us:1. 📊 Consolidation Phase: Gold has been ranging for several sessions2. ⚡ 4H FVG Above: Acting as a magnet for price3. 🎯 Triple Test: Price respecting the PWL level multiple times4. 📉 Volume Decline: Typical before major moves---🚀 TRADING SCENARIOSSCENARIO 1: "Golden Rocket" 🚀 (BULLISH)IF price breaks above \$3,297.94 (LWL):* Target 1: \$3,330- +1.2% gain* Target 2: \$3,350(FVG) - +3.9% gain* Stop Loss: \$3,280 - Risk: -0.5%Risk/Reward: 1:1.8 ⭐⭐⭐ SCENARIO 2: "Golden Avalanche" 📉 (BEARISH)IF price breaks below \$3,245.28 (PWL):* Target 1: \$3,200 (Psychological level)* Target 2: \$3,121.70 (Die Zone)* Stop Loss: \$3,297.94 (LWL)---💡 SIMPLE TRADING PLAN🎯 FOR BULLS (Buy Setup):```ENTRY: Break above $3,298 with volumeSTOP: $3,285TARGET 1: $3,330 TARGET 2: $3,360 🎯 FOR BEARS (Sell Setup):```ENTRY: Break below $3,245 with volumeSTOP: $3,298 (LWL)TARGET 1: $3,200TARGET 2: $3,122 (Die Zone)---⚠️ RISK MANAGEMENT RULES1. Position Size: Risk only 1-2% of account2. Wait for Confirmation: Don't jump early3. Volume is Key: Breakouts need volume4. Time Limit: Close if no movement in 2 days---🔥 WHY THIS SETUP MATTERSGold is at a crossroads! The tight consolidation suggests big players are accumulating positions. When this range breaks, expect explosive movement in either direction.Smart Money Clues:* Multiple tests of PWL = Strong support* 4H FVG above = Price magnet effect* Low volume = Calm before the storm--- 📊 MARKET CONTEXT* Dollar Weakness: Could fuel gold rally* Economic Uncertainty: Safe haven demand* Technical Setup: Clean breakout pattern* Timeframe: Perfect for swing trades---🎯 MY VERDICTGold is COILED and ready to EXPLODE!The setup favors the bullish scenario due to:✅ Strong support holding at PWL✅ 4H FVG acting as price magnet✅ Multiple failed attempts to break lower✅ Overall uptrend structure intactBut remember: Respect the levels and trade the breakout, not your bias!---🚨 ACTION ITEMS1. Set Alerts: \$3,298 (bull trigger) & \$3,245 (bear trigger)2. Watch Volume: Breakouts need confirmation3. Be Patient: Wait for clean breaks4. Have Both Plans: Ready for either direction---Trade Smart, Stay Safe! 🥇💰The market rewards patience and punishes impatience.ALL DONE FOR BULLISH .. NOW TIME FOR GO BACK TO 3275 ZONE GET ready .. I WILL SELL FROM 3340 AND TP 3290 - 3275 STOP LOSS : 3350 - close above