Technical analysis by Mihai_Iacob about Symbol PAXG: Sell recommendation (7/1/2025)

1. What happened yesterdayAs expected, Gold started to rise after finding support at 3250. The move up played out perfectly, reaching the resistance area highlighted in yesterday’s analysis — around 3320–3340.________________________________________2. The key question todayIs this just a correction in a bearish trend, or the start of reversal?________________________________________3. Why I remain bearish•On the weekly chart, structure still leans bearish•On lower time frames, the bounce looks corrective — not impulsive•No breakout above 3360 yet, which would be needed to shift the bias•A move back below 3320 would likely trigger renewed selling•If that happens, 3250 could be tested again quicklyWe need to respect the bounce — but not overreact to it.________________________________________4. Trading planMy bias remains bearish as long as price stays under 3360.However, if we get a daily close above 3360, I’ll pause and re-evaluate the short bias. The market would then be signaling a potential trend shift.________________________________________5. Final thoughts 🚀This is a key moment for gold. We’re at resistance zone but not broken above yet.Until proven otherwise, the trend remains down — and rallies into 3340 zone should be considered selling opportunities.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.