Technical analysis by FrankFx14 about Symbol PAXG: Sell recommendation (6/16/2025)

Gold is currently testing a strong supply zone near the $3,450 resistance area for the third time. Each test has been followed by sharp rejections, forming a potential triple top pattern, which is a classic bearish reversal signal.🔵 Key Levels to Watch:Resistance: $3,450 – Strong supply zone (highlighted blue zone)Mid Support: $3,032 – Previous structure support & demandMajor Demand: $2,647 – Long-term demand zone (orange)🔻 Bearish Signals:Price failed to break above the $3,450 supply zoneStrong bearish wick and rejection candleLower highs on RSI/MACD (not shown but worth noting)📌 Potential Trade Idea:Entry: Near $3,400–$3,450 zoneTarget 1: $3,032 (mid-term support)Target 2: $2,647 (long-term demand)SL: Above $3,470 (clear invalidation)🗓️ As we move toward July, a break below $3,300 could trigger momentum selling down to $3,000 and even $2,647.💬 What’s your bias on gold this week? Are we heading for a major correction or another bounce?#Gold #XAUUSD #Forex #TechnicalAnalysis #TripleTop #BearishSetup #SmartMoney #PriceAction #TradingView #LuxAlgo #SwingTrade #Commodities