Technical analysis by Anna_Wade about Symbol PAXG: Sell recommendation (6/12/2025)

Gold (XAU/USD) – 4-Hour Chart Technical AnalysisGold has recently broken below the lower boundary of a rising parallel channel on the 4-hour time frame. This pattern typically signals a potential trend reversal or correction after a bullish move.Currently trading around 3352, Gold is facing strong resistance near the 3371 level, which aligns with the upper limit of the risk zone marked on the chart.The bearish breakout, suggests increased downside pressure. If the price continues to reject from this resistance zone, we could see a move toward the support target near 3290, marking a significant short-term decline.Entry 3352Stop-Loss 3371Take-Profit Target 3290 Bearish below 3371. Traders should monitor for follow-through selling and volume confirmation.