Technical analysis by SineHeidari about Symbol PAXG: Sell recommendation (8/10/2025)

We’ve been waiting for gold to break above the 3400 level for quite some time. Despite multiple tests and deep wicks into this zone, I don’t expect the coming week to bring a fresh high for gold. With price compression between 3390 – 3400, I anticipate that the market will be selling gold this week. We should also expect a stop hunt on sellers before the drop. My preferred short entry zone remains 3415 – 3430, with a probable target around 3200, making this risk-reward setup attractive.