Technical analysis by DOCTOR_PIPS05 about Symbol PAXG: Sell recommendation (8/4/2025)

Analysis: Gold (XAU/USD) on the 1-hour chart shows a potential bearish reversal formation. Price has recently rejected from the resistance zone around 3,380–3,400, forming a lower high. Key points: A series of lower highs and lower lows suggests a downtrend. Price may retrace slightly before continuing down. The red horizontal levels are key support zones: 3,322–3,320 (short-term support) 3,279–3,277 (primary target support) Bearish Trade Plan: Entry (Sell): Near 3,365–3,370 after rejection confirmation. TP1: 3,322 TP2: 3,279 SL: Above 3,400 (above resistance zone)