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

🔹Technical Analysis: Gold (XAU/USD) – 4-Hour Chart▪️Market Structure & Trendline Break▫️ Price has broken below the upward trendline, indicating a potential shift in market sentiment from bullish to bearish.▫️ The failure to sustain above the resistance level near $3,390-$3,440 led to a pullback and bearish rejection (marked by red arrows).▪️Key Levels▫️ Minor Resistance / Entry Level: $3,320-$3,340 area may now act as a resistance zone after the trendline break, providing a potential short entry level.▫️ Support Level / First Target: $3,250-$3,270 zone is identified as the next major support and short-term target.▫️ Final Target: A deeper correction could push price towards the $3,160-$3,180 region.▪️Trade Outlook▫️Current price action suggests a bearish outlook, with potential for a downward move from the minor resistance area.▫️ Traders may look for sell opportunities on pullbacks into the $3,320-$3,340 zone with confirmation.▪️Volume Analysis▫️ Volume has spiked during the breakdown, indicating strong selling interest, supporting the case for downside continuation.▫️Bias: Bearish, targeting lower support zones after trendline breakdown.🔹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 3326