Technical analysis by Mihai_Iacob about Symbol PAXG: Sell recommendation (6/24/2025)

In yesterday’s analysis, I pointed out that despite the weekend escalation in the middle-east, which triggered a gap up in Gold, the price action didn’t confirm the fear narrative. Gold failed to hold its gains – a clear sign of weakness.📌 What happened next?Throughout the day, Gold attempted multiple pushes toward 3400 – but each effort was met with strong selling pressure.Then came the ceasefire announcement… and Gold dropped hard, now trading around 3320, locking in over 500 pips of profit from my short setup.________________________________________❓ More importantly, what’s next for Gold?More important than the short-term noise is what the charts are now telling us:📉 Weekly chart? Bearish.🕯️ Daily chart? Also turned bearish after last week’s indecisive price action.________________________________________📌 Strategy remains the same:I continue to sell rallies, and I’m now watching the 3280 support zone for a possible test in the coming hours.Patience. Discipline. Let the market come to you. 🚀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.Support zone reached