Technical analysis by ZareeFxTradingAac about Symbol PAXG on 6/8/2025

This chart represents a classic Double Top pattern, a bearish reversal signal indicating strong resistance around the 3,380 - 3,390 USD zone (marked with two white circles).---🔍 Key Zones and Levels:1. Resistance Zone (~3,380 - 3,390 USD):Price was rejected twice here.Suggests strong selling pressure and buyer exhaustion.2. Mid Support/Retest Zone (~3,337.857 USD):Marked with a horizontal white line.Could act as a short-term resistance if price retraces.3. Demand Zone (~3,330 - 3,337 USD):Highlighted green box: potential reversal/retest zone.Bullish scenario: price bounces from here and heads back to retest resistance.4. Current Price (~3,309.980 USD):Price has broken below the demand zone and is approaching strong horizontal support.5. Lower Support (~3,265 - 3,270 USD):Highlighted with blue horizontal lines and purple arrows.Could be the next bearish target if breakdown is confirmed.---🔄 Two Possible Scenarios:📉 Bearish Continuation:Price retests the broken demand zone (now resistance).Rejects and forms a lower high.Falls toward the lower support around 3,265–3,270 USD.📈 Bullish Reversal:Price reclaims the green demand zone.Pushes above 3,337.857 USD level.Heads back to retest the double top area (~3,380 USD).---✅ Conclusion:The bias is currently bearish, supported by:Double top formation.Breakdown below key demand zone.Momentum favoring further downside.However, a bullish reversal is possible if price reclaims the 3,337 USD zone and shows strong bullish structure.tarde active