Technical analysis by LucasMgoldview about Symbol PAXG: Sell recommendation (6/11/2025)

XAUUSD is currently trading within a short-term ascending channel, identified as a “bear flag” pattern, which often appears as a technical correction within the main downtrend. The previous bearish momentum remains strong, and the recent recovery lacks breakout strength, showing that buying pressure is weakening.The current price structure reflects a temporary consolidation before a potential breakout. If it breaks below the lower boundary of the flag channel, I expect the price to move toward the target level of 3,245, where high liquidity is concentrated, as shown by the Volume Profile indicator.As long as the price remains within the flag channel and fails to break above the resistance area, sellers still have the upper hand. However, if the price breaks above the upper boundary of the flag and holds, the bearish scenario will be invalidated.As usual, I will wait for confirmation before entering a position.