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

Dear Traders,On the 1-hour timeframe for XAUUSD (Gold Spot vs. USD):✅ The price has made a strong bullish move and is now testing a key resistance zone between 3345 and 3360. This zone has acted as both support and resistance in the past, making it a strong area of interest.📉 We can observe upper wicks forming on the candles, suggesting buying pressure is weakening. The red dashed line on the chart indicates a potential bearish reversal scenario.🔻 If the price fails to break and close above this resistance with strength, we could see a correction toward the 3290 to 3260 zone.💡 Unless the price breaks above 3360 and closes strongly, long positions carry higher risk at the moment.