Technical analysis by JustinNorok about Symbol PAXG: Sell recommendation (9/2/2025)

Gold has been trading inside a rising wedge pattern after breaking out of a consolidation phase. Price is now testing the resistance zone near $3,490 – $3,507, where sellers may step in. ✅ Key Points Rising wedge pattern forming → often signals weakening momentum. Strong resistance at $3,490 – $3,507. If sellers hold the level, a breakdown could push price toward supports: $3,454 $3,429 $3,404 (major support zone Invalidation If price breaks and sustains above $3,507, the bearish wedge idea is invalid, and bulls may look for continuation higher Conclusion Gold is at a critical decision point. Watch price action near the resistance zone for confirmation. A rejection could trigger a pullback, while a breakout above $3,507 would favor further bullish momentum.