Technical analysis by Mihai_Iacob about Symbol PAXG: Sell recommendation (6/23/2025)

As highlighted in Friday’s analysis, the daily and short-term charts remain messy, but the weekly chart is leaning clearly bearish – with a potential Dark Cloud Cover candlestick formation now confirmed.🌍 Geopolitical Gap Up... and Quick RejectionMonday’s Asian open brought a gap up, triggered by renewed tensions in the Middle East. But price failed to break above 3400 and quickly reversed – a textbook sign of weakness, not strength.🧭 Technical View:- The weekly candle closed as a Dark Cloud Cover, a strong bearish reversal signal- The lack of follow-through after the gap up further confirms sellers are still in control- Price remains below the key 3400 level, showing no bullish momentum behind recent spikes📌 Trading Plan:I continue to sell rallies, with an initial target near 3300. If bearish momentum builds, lower levels are in play.Let the chart lead – don’t get distracted by the noise. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Gold testested the hights of the day 3 times.For bearish outlook to remain intact we need a daily close towards 3360