Technical analysis by Trade_Hive_Signals about Symbol PAXG: Sell recommendation (8/11/2025)

Technical market condition The price holds above $3,370, demonstrating sustainable bullish potential. Tariff tensions and inflation data expectations are keeping interest in gold as a safe haven asset. However, gold is trying to break through the barrier at $3,400 again: until the breakout is confirmed, quotes will remain under pressure. Counteraction to the decline: data on the reduction of geopolitical risks (for example, in Ukraine) and the strengthening of the dollar are exerting pressure - a possible decline to the support level of $3,314-$3,342. Support and resistance levels Key resistance levels: ~$3,400 - a psychological barrier, repeatedly confirmed by sales. With a confident breakout, an attack on $3,435 is possible and then - to $3,500-$3,600, as Citi analysts predict against the backdrop of a weak US macroeconomy. Main support levels: ~$3,370 — current support. If broken — potential for a drop to $3,314–$3,342