Technical analysis by FrankFx14 about Symbol PAXG: Sell recommendation (6/17/2025)

Gold is currently trading at $3,383, right inside a major daily supply zone between $3,370–$3,403, as identified by the LuxAlgo Visible Range. Price has tested this zone multiple times and is now showing signs of exhaustion.🔍 Key Technical Highlights:🔹 Strong Daily Supply Zone (Resistance):Price is currently consolidating inside a key supply zone where previous rejections have occurred. The repeated failure to break above this level may trigger a bearish move soon.🔹 Double Top / Triple Tap Formation:Price action is hinting at a potential double top or distribution phase, which often signals a major reversal pattern.🔹 Bearish Targets in Sight:If price breaks below the minor support at $3,350:🔻 Target 1: $2,997 – Previous strong demand zone and support.🔻 Target 2: $2,602 – Critical demand zone with historical buying pressure.🧠 Market Sentiment:Gold has been in a strong uptrend since November 2024, but the momentum is now stalling at a psychological barrier. With potential bearish divergence forming and economic data releases ahead (📰 US economic news event marked), bulls might take profits, leading to a deeper pullback.⚠️ Trading Plan:📌 Sell Zone: $3,380–$3,400🎯 Take Profits: $3,000, $2,600🛑 Invalidation: Clean break above $3,410 with strong volume💬 What’s your take on gold – is this a trap or the beginning of a major drop? Comment below! 👇🔔 Follow for daily trade setups and live market insights!#XAUUSD #GoldAnalysis #Forex #PriceAction #SupplyAndDemand #BearishReversal #TradingSetup #LuxAlgo #SmartMoney #FrankFx14