Technical analysis by pejman_zwin about Symbol PAXG: Sell recommendation (7/9/2025)

As I expected in the previous idea, Gold(XAUUSD) rose to $3,343 on the 1-hour time frame, but failed to break the Resistance zone($3,350-$3,326) and started to fall with relatively good momentum.Do you think Gold can finally break the Support zone($3,312-$3,280) and Support lines, or will it rise again?Gold is currently trading in the Support zone($3,312-$3,280) and near the Support lines. It has also managed to break the downtrend line.In terms of Elliott Wave theory on the 15-minute time frame, Gold appears to be completing a main wave 4. The main wave 4 appears to follow Double Three Correction(WXY). Also, the main wave 3 is extended due to the high downward momentum.I expect Gold to start falling again by entering the Potential Reversal Zone(PRZ)[$3,312-$3,304] or Resistance zone($3,302-$3,296) and eventually breaking the Support zone($3,312-$3,280) and Support lines, Gold's falling targets are clear on the chart.Note: Stop Loss (SL) = $3,313Gold Analyze (XAUUSD), 15-minute time frame.Be sure to follow the updated ideas.Do not forget to put a Stop loss for your positions (For every position you want to open).Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Short Position was activatedDue to the upward momentum of #gold yesterday, I did not activate the position.Target Done