Technical analysis by filatovarthur about Symbol PAXG: Sell recommendation (6/17/2025)

Gold has broken below the ABCD harmonic pattern structure, a classic sign of a potential trend reversal. This bearish move is now approaching the critical support at $3385, which has acted as a structural pivot in past sessions. Adding to this bearish outlook, the Momentum oscillator has crossed decisively below the 100-line, confirming a shift in directional strength and reinforcing downside potential. 🔽 TradeIdea – XAUUSD Short Setup Entry Trigger: Initiate short positions only if price closes below $3385 on strong volume. Take-Profit Target: $3360 – near the lower harmonic projection and previous demand zone. Stop-Loss Idea: Above $3412 (structure invalidation level) This setup aligns with both pattern-based analysis and momentum confirmation, increasing confidence for short-term bearish continuation.