Technical analysis by Mihai_Iacob about Symbol PAXG: Sell recommendation (6/9/2025)

1. What happened last week?As expected, Gold broke below the key 3340–3350 support zone and even slipped under 3300 during the Asian session this Monday, briefly reaching new short-term lows. The bearish pressure continues to dominate.2. Key question now:Is the drop over?3. Why I expect the correction to end soon:- The recent decline totaled nearly 1100 pips – a strong impulse move.- Price is now undergoing a typical retracement after a steep sell-off.- The previous support zone at 3340–3350 is now acting as resistance – a textbook role reversal.- I expect this zone to attract sellers again.4. My trading plan:I remain bearish and plan to sell rallies, especially if the price shows rejection signs in the 3340–3350 area. This correction could offer an ideal re-entry for shorts at better risk/reward levels.5. Final thoughts 🚀The trend is still bearish. I’m waiting for the market to confirm resistance around 3340–3350 before executing my next move.