Technical analysis by FX_Jhon about Symbol PAXG: Buy recommendation (6/13/2025)

The chart you've provided is a 4-hour technical analysis of gold (XAU/USD), and it illustrates a potential bearish scenario with clear zones of support and resistance. Here's a breakdown of what it shows:---🔍 Chart Analysis SummaryResistance Zone (Yellow Box around ~3432.57)Key Price Point: 3,432.57Highlighted Multiple Times (red arrows, orange circles)Price has repeatedly rejected this level, forming a double top / multiple top pattern – a typical bearish reversal signal.Current Price (as of chart):3,407.89, approaching resistance zone again.Support Zone (Middle Yellow Box around ~3,384.83):Expected to be the first area of support after rejection from resistance.Last Target Zone (Bottom Yellow Box around ~3,270.06):Represents the final downside target if the price breaks below intermediate support.Price has previously rebounded from this area (green arrows).---📉 Bearish Scenario Suggested by Chart1. Price approaches resistance (~3,432.57).2. Potential rejection as seen in past price action.3. First target: Support at ~3,384.83.4. If that fails, price could fall to 3,270.06.The large red arrow and downward black arrow emphasize this anticipated downward move.---✅ Key TakeawaysShort opportunity near resistance with stop-loss just above 3,432.57.Targets: 3,384.83 (TP1) and 3,270.06 (TP2).Strong historical pattern of rejection at this resistance zone suggests this setup is based on previous price behavior.Would you like help drafting a trade plan based on this analysis, or a bullish counter-scenario just in case it breaks above resistance?Target 1 Successful 200Pips DoneSell Target Raning 350Pips Done