Technical analysis by pips1000s about Symbol PAXG: Sell recommendation (6/8/2025)

Current Technical Analysis 1. Price Action: - The price is consolidating near the middle of this range, indicating potential indecision. 2. Key Levels: - Support: - Immediate: 3,300.00 (psychological level) - Stronger: 3,260 recent low) - Resistance - Immediate: 3,319 (recent high) - Next: 3,340 and 3,363 higher highs) 3. Short-Term Bias: - Neutral to slightly bullish if price holds above 3,300. - Bearish if it breaks below 3,260. --- Fundamental Factors to Watch This Week 1. Upcoming Economic Data (June 2025): - U.S. Inflation Data (CPI/PCE): High inflation could strengthen USD, pressuring gold. - Fed Speeches: Hawkish tones may boost USD, bearish for gold. Dovish tones could support gold. - Geopolitical Risks: Escalations (e.g., Middle East, Ukraine) could spike safe-haven demand for gold. 2. USD Strength: - Gold is inversely correlated with the USD. Monitor DXY (U.S. Dollar Index) for directional cues. --- Trading Ideas for the Coming Week 1. Bullish Scenario (Buy Dips): - Entry: Near3,300 support with a stop-loss below 3,260. - Target: 3,340 → 3,363 (scalp) or **3,400.00(swing). - Catalyst: Weak USD data or risk-off sentiment. 2.BEARISH Scenario (Sell Rallies): - Entry: Near 3,319–3,340.00resistance with a stop-loss above 3,363 - Target: 3,260 → 3,240 (if breakdown occurs). - Catalyst: Strong USD or hawkish Fed comments. 3. Breakout Strategy: - Watch for a clear break above 3,340 (bullish) or below 3,260 (bearish) for momentum trades.SELL trade activated and running 200 pips