Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Sell recommendation (9/5/2025)

Technical Analysis of XAUUSD 1. Overall Market Structure Gold is currently in a corrective phase after forming a Higher High (HH) at the recent resistance zone. The market has since shown weakness, breaking below a minor support and forming a Lower High (LH), indicating a potential trend reversal or deeper pullback. 2. Resistance Zone The area around 3550–3565 is a strong resistance zone that acted as a selling area after price made a sharp move down. This zone also aligns with the downward trendline, increasing its significance as a potential entry point for sellers. 3. Entry Level / Minor Supply Zone The price is currently consolidating near a minor supply zone and close to the downward trendline. This is an important decision point: if price respects this level, sellers may step in to push the price lower toward the next support. 4. Support Levels & Targets * First Target (Support Zone): Around 3520–3530, which was a previous structure support. * Final Target (Demand Zone): Around 3470–3480, a strong demand zone where buyers previously reacted. 5. Downward Trendline The downward trendline is confirming the short-term bearish bias. Until price breaks and closes above this trendline, the momentum favors sellers. 6. Trade Setup & Bias * Bias: Bearish (Sell Setup) * Entry Zone: Near 3550–3560 (at supply zone & trendline) * Targets: * TP1: 3520 * TP2: 3480 * Stop Loss: Above 3570 to protect against false breakouts. If this helpful for you, press the like button.no confirmation found.