Technical analysis by pejman_zwin about Symbol PAXG: Sell recommendation (6/16/2025)

Gold(XAUUSD) attacked the Resistance zone ($3,445-$3,406) once again, forming an Ending Diagonal at the top of the structure.Although price reached the Potential Reversal Zone (PRZ)[$3,454-$3,435], the presence of Regular Divergence (RD-) between the last two peaks could indicate the weakening of bullish momentum.In terms of Elliott Wave theory, we can clearly count a completed 5-wave structure, with an Ending Diagonal pattern. This supports the idea of a major correction starting soon.I expect Gold to attack the lower lines of Ending Diagonal, and if it breaks, it could drop to at least $3,333. The Second Target could be the Support zone ($3,451-$3,120).Do you think Gold will make a new All-Time High(ATH) again in this rally?!Note: Stop Loss (SL) = $3,463Gold Analyze (XAUUSD), 2-hour time frame.Be sure to follow the updated ideas.Do not forget to put a Stop loss for your positions (For every position you want to open).Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Position was activated in near Potential Reversal Zone (PRZ)[$3,454-$3,435]