Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (7/2/2025)

XAU/USD Below Pivot, Watching 3352 for Bullish ConfirmationGold prices edged up today as investors shifted their focus to the U.S. fiscal situation and lingering uncertainty ahead of the July 9 deadline when U.S. tariffs are set to take effect. But at the same time, we have strong resistance on the way.The price continues to move below the pivot level and the 3352 resistance, which together form a strong supply zone.A confirmed breakout above 3352 on the 4H candle is needed to validate a bullish move toward 3365. However, the possibility of a renewed decline remains unless the price also breaks above 3365, which would confirm a continuation of the upward trend.The bearish trend remains active as long as the price trades below the pivot at 3348 and the 3352 level. Sustained trading below this zone would likely lead to a decline toward 3320 and 3313.Key Technical LevelsResistance: 3352 - 3365 - 3400.Support Levels: 3320 - 3313 - 3218.Pivot Line: 3348XAU/USD Update – Bearish Trend Plays Out, Watching 3320 ZoneGold followed through with the bearish scenario discussed earlier, breaking below 3,352 and reaching our anticipated support zone near 3,320, even touching 3,314.At this stage:Bearish momentum remains active as long as price stays below 3,341A 1H candle close below 3,320 would likely confirm continuation toward the next support at 3,297Any recovery attempt would need a solid reclaim of 3,348–3,352 to shift the short-term biasKey Levels:• Resistance: 3,341 / 3,348 / 3,352• Support: 3,320 / 3,297