Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Sell recommendation (8/20/2025)

🟡 GOLD (XAUUSD) Technical Outlook 1. Descending Channel Formation Gold is trading within a descending channel, indicating a bearish market structure. The price action is consistently respecting both the upper and lower channel boundaries, confirming downward momentum. 2. Supply Zone / Entry Level The price has recently pushed up toward the $3,340 - $3,350 zone, which coincides with the channel’s upper boundary and acts as a supply/resistance area. This zone is critical because sellers have previously stepped in here. 3. Resistance Confirmation Multiple rejections from this level in the past strengthen its importance. Unless bulls can break and sustain above this zone, the probability favors another rejection and continuation to the downside. 4. Bearish Continuation Potential If rejection occurs, gold could head back toward the lower boundary of the channel around $3,300 – $3,290, where demand may reappear. This aligns with the ongoing bearish trend. 5. Key Levels to Watch * 🔺 Resistance / Supply Zone: $3,340 – $3,350 * 🔻 Support Zone: $3,300 – $3,290 * 📈 Bullish Scenario: Break & sustain above $3,350 may open the way to $3,370+ * 📉 Bearish Scenario: Rejection at supply zone could drag price back toward $3,300 👉 Bias: Bearish below $3,350, with selling opportunities favored near supply zone. If this helpful for you, press the like button.from 3350, supply zone