Technical analysis by alirezak about Symbol PAXG: Sell recommendation (6/30/2025)

alirezak

Dear Traders,📉 Technical Analysis – XAU/USD (1H Timeframe)Date: June 30, 2025🇺🇸 English:Price has broken below an ascending trendline and is now pulling back toward the resistance zone between $3,313 – $3,324.This area serves as a confluence of resistance (previous support now turned resistance + horizontal resistance).A bearish reaction from this zone could trigger a continuation to the downside.The potential target for this move lies around the $3,210 – $3,225 support area, which has historically acted as a demand zone.Alternative scenario: If price breaks and holds above $3,324, the bearish outlook would be invalidated.Summary:🔻 Resistance zone: $3,313 – $3,324🎯 Bearish target: $3,210 – $3,225❗ Entry condition: Bearish reaction and rejection from the resistance zoneRegards,Alireza!