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Technical analysis by WalterMoon about Symbol PAXG: Sell recommendation (7/14/2025)

https://sahmeto.com/message/3634986
WalterMoon
WalterMoon
Rank: 2546
1.9

GOLD - Price can start to decline and break support level

Sell
Price at Publish Time:
$3,365.31
Sell،Technical،WalterMoon

Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Gold initially traded inside a steady falling channel, carving lower highs at $3390 and lower lows around $3285 as bears held sway. A brief fake breakout at $3365 briefly flipped sentiment, but sellers quickly reasserted control and pushed price back toward the channel floor. Buyers then absorbed selling at the $3285 support area, sparking a rebound into a rising wedge pattern marked by converging trendlines. Within this wedge, three minor breakouts failed to trigger sustained rallies, underscoring persistent resistance near the upper boundary. I anticipate Gold to roll over from the wedge’s ceiling and break below $3365, targeting the wedge’s lower support line at $3310 If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.Great! Price started to decline, for this case, I expect that it can continue to fall next.Target almost reaches!

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