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

XAU/USD – Testing 1H/2H Supply Zone | Bullish Continuation or Rejection AheadGold has rallied strongly from the support zone around 3,238–3,255, breaking multiple intraday resistance levels and now approaching a critical 1H/2H Supply Zone near 3,348–3,366.This area previously acted as a strong sell-off zone, making it a key decision point.Scenario 1: Bullish ContinuationIf price breaks and closes above 3,366 with momentum, we could see further upside toward the next resistance at 3,400 and possibly retest the ATH zone at 3,486. A short consolidation or retest within the zone would confirm strength.Scenario 2: Rejection from Supply ZoneIf the supply holds, a rejection from the zone could lead to a pullback toward:3,320.48 (minor support)3,297.08 (support line)Or deeper retracement to the 3,255–3,238 support zoneKey Technical LevelsSupply Zone: 3,348 – 3,366Resistance: 3,400 – 3,486 (ATH)Support Levels: 3,320 – 3,297 – 3,255 – 3,238Pivot Line: 3,348