Technical analysis by Mentor_Michael03 about Symbol PAXG: Sell recommendation (9/4/2025)

"XAUUSD Update – Resistance Rejection and Market Structure Shift Price Action: Gold has recently tested the 3550 – 3600 resistance zone, where the market showed signs of rejection. This level represents a significant supply area formed by previous liquidity grabs. Market Structure: After a strong bullish impulse, the current price behavior suggests a possible correction phase. The rally left behind areas of imbalance that could attract price back downward. Key Observation: The first reaction zone sits around 3480, which aligns with a structural support level from past consolidation. A deeper correction may extend toward the 3330 – 3320 support region, a critical level where historical demand has been observed. Context: Liquidity above recent highs has been taken, and the chart now shows potential for retracement to restore balance before determining the next directional move.