Technical analysis by Greenfireforex about Symbol PAXG: Sell recommendation (7/18/2025)

🔻 📊 Technical Structure (4H) ✅ 5-wave bearish impulse completed ✅ ABC correction likely completed ✅ Supply zone: 3,371–3,376 📌 Downside Targets First: 3,302.47 Final: 3,221.78 🔻 Invalidation Zone Above: 3,376.03 (Break above invalidates short scenario) --- 📈 Market Outlook Macro Context: Gold faces pressure amid rising real yields and stronger dollar flows. Technical Context: Price trapped within a long-term descending wedge; corrective rally meets resistance. Risk Appetite: Risk-on tone limits safe-haven demand in short term. --- ⚠️ Risks to Watch Breakout above 3,376 may trigger bullish breakout Dovish Fed tone could reverse short-term USD strength Geopolitical tension reviving gold demand --- 🧭 Summary: Bearish Structure in Play XAU/USD has completed a textbook ABC retracement and now sits inside a key shorting zone. A rejection here opens space for significant downside toward 3,221. Traders should watch closely for bearish confirmation before committing to positions, with stops tightly placed above 3,376.