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Technical analysis by Forex_ViP_Signalss about Symbol PAXG: Sell recommendation (6/18/2025)

https://sahmeto.com/message/3602324
Forex_ViP_Signalss
Forex_ViP_Signalss
Rank: 1202
2.6
Sell،Technical،Forex_ViP_Signalss

XAU/USD Technical Analysis (30-Minute Chart)This chart shows a bullish breakout setup for Gold (XAU/USD) based on recent price action and technical indicators:---🔻 Support Zone & Trend Line:A descending support trend line has been drawn from earlier lows, showing a falling wedge structure.The key support zone between 3,367.825 and 3,388.370 has held firmly, confirming demand in this range.📈 Bullish Reversal Formation:Price bounced off the support zone, suggesting a potential reversal.A breakout above the horizontal resistance near 3,388.370 is projected, with bullish momentum forming.🎯 Target Levels:Immediate resistance: Around 3,388.370, which price is currently testing.Primary target: The yellow resistance zone near 3,449.485—if broken, it may confirm a strong upward trend.📊 Volume Profile:Volume bars on the right show higher trading activity above 3,400, indicating potential resistance in that region.📝 Summary: Gold is showing signs of a bullish reversal from the support trend line and key demand zone. A sustained move above 3,388.370 may lead to a rally toward the 3,449.485 resistance area.

Translated from: English
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Signal Type: Sell
Time Frame:
30 minutes
Price at Publish Time:
$3,414.37
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