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

Dear traders,Gold (XAUUSD) is forming a rising wedge pattern on the 1-hour chart, with price approaching the key resistance zone between 3360–3362, which also aligns with the long-term descending trendline.This confluence increases the probability of a bearish reaction from this area.If the price fails to break above this resistance zone, a sharp drop toward the demand zone between 3275–3260 can be expected.A confirmed breakdown of the wedge pattern would provide a valid short opportunity with targets set at the lower demand range.🛑 Risk management is essential in case of any false breakouts.regards,Alireza!Active Trade