Technical analysis by Anna_Wade about Symbol PAXG: Sell recommendation (6/13/2025)

Gold (XAU/USD) – 4-Hour Time Frame AnalysisGold is trading within an upward parallel channel on the 4-hour chart, with price action consistently respecting both the support and resistance boundaries of the formation.At present, Gold is approaching the upper boundary of the channel, currently trading around 3425, indicating a key resistance zone. A rejection from this level is anticipated, which could initiate a corrective move to the downside.Entry 3425 (Resistance Zone)Target 3340 (Support Zone)Stop-Loss 3451The technical setup favors a short position, with a favorable risk-to-reward ratio if the resistance holds. Traders are advised to monitor for confirmation signals before entry. Bearish bias below 3451, with potential downside toward 3340.