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

GOLD Struggles Near 3400 Resistance Gold is facing strong resistance around 3400, and the price is hesitating to take clear direction. Although it looks like gold wants to move higher, selling pressure is holding it back. The price action is forming a wedge pattern, which typically signals a potential drop. If this pattern plays out, gold could fall. In my view, this bearish setup will only be invalidated by major market manipulation, because from a broader perspective, there’s no fresh technical or fundamental reason for gold to push higher despite that the bigger trend is bullish. The real risk isn’t just technical or macro—it’s that gold remains one of the most manipulated assets in the market. If the price breaks below the resistance zone shown on the chart, the chances of a deeper drop will increase. Targets: 3350, 3330, and 3294 I'm still more focused on a bearish movement. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day