Technical analysis by Mentor_Michael03 about Symbol PAXG: Sell recommendation (9/3/2025)

Mentor_Michael03

“XAUUSD – Strong Sell Setup from All-Time High Resistance 🚨📉” Currently, gold has reached a strong resistance zone around 3575 – 3600, where price is showing signs of exhaustion after a strong bullish rally. This area is a key supply zone and could trigger profit-taking or fresh short entries. From here, I am expecting a potential correction move. 1st Target: Around 3480 – 3450, where we can see a clear demand zone and previous consolidation. If bearish pressure continues, the price may extend towards the final target at 3330 – 3320, which is also a key support point aligned with previous market structure. Market structure shows a clear higher low formation earlier, which fueled this rally, but after tapping into resistance, a short-term pullback seems highly likely. 📌 Overall, short-term bias = bearish correction, while long-term trend remains bullish unless price breaks below the 3320 support zone.