Technical analysis by Moon-ForexAcademy about Symbol PAXG: Sell recommendation (6/16/2025)

XAU / USD trend forecast JUNE 16, 2025 Scalping⚠️Iran launched another wave of missiles and drones at Israel on Sunday night, while Israel responded by initiating a fresh round of strikes on military positions throughout Iran. The deadly confrontations between the two nations carried into Monday, with Israel pledging to escalate its campaign against Iran.Alongside ongoing uncertainty regarding U.S. President Donald Trump's trade agenda, these developments have propelled safe-haven demand, pushing gold prices to their highest level in nearly two months during the Asian trading session on Monday.However, several factors are limiting further upside for the metal. Market reactions to the escalating conflict between Israel and Iran have been relatively muted, as reflected in the upbeat sentiment in Asian equity markets. Additionally, a slight rebound in the U.S. Dollar is weighing on gold prices, triggering some intraday selling pressure.⚠️ Short-term market correction, before the upcoming big fluctuations, the selling price zone follows the short trend line 3424-3427🚨///SELL XAU : zone 3424-3427 scalpingSL: 3430TP: 50 - 100 - 200pips ( 3407 )Safe and profitable tradingGreat sell , XAU touch 3422.7 and big drop