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

Hi there,A bearish outlook for gold (XAUUSD) on the 1-hour timeframe, with a bias toward the 3,100 area, targeting the highlighted demand zones.Price-Movement StructureWe observe a three-wave corrective pattern that appears complete at the 3,494.98 high. Key observations:- **Wave (A)** : Initial correction from the major low.- **Wave (B)** : Complex sideways consolidation.- **Wave (C)** : Extension to new highs, creating liquidity.The current price action suggests potential institutional distribution at the highs. I am expecting a drop to approximately 3,349.94.However, fundamentals such as interest rates, dollar strength, and geopolitical risks remain key drivers of bullish optimism.Happy Trading,K.Not trading advice