Technical analysis by TotoshkaTrades about Symbol PAXG: Sell recommendation (8/1/2025)

On the 1H chart, gold (GOLD) is forming a bullish flag after a sharp decline, which may just be a corrective move within a broader downtrend. The price is now approaching the key resistance zone around $3313–$3317 - this area holds the POC, broken trendline, and the 0.705–0.79 Fibonacci retracement from the last drop. This is the decision-making zone. If bulls fail to push above it, we expect a move down toward $3268 - the next strong support and potential buy zone, also confirmed by Fibonacci and local demand. Stochastic divergence and slowing volume suggest a possible rebound from that level. However, if the price breaks and holds above $3317, this would indicate a local trend reversal, with targets at $3333 and $3374. Watch the $3317 zone closely - bulls have yet to prove this is more than just a bounce.