Technical analysis by THE_WINING_HUB about Symbol PAXG: Sell recommendation (10/9/2025)

Gold (XAUUSD) is currently trading near 4040, showing early signs of a bearish reversal after a period of consolidation. Price action on the H1 timeframe is forming a clear M pattern, a classic bearish structure often signaling a potential downside move. My bias is bearish, targeting the 4000 zone as the next key support level. 📌 Trade Plan: Entry: 4040 Resistance: 4060 Target 1: 4020 Target 2: 4000 (Support): 4000 Bias: Bearish below 4060 📊 Technical Analysis: M Pattern Formation: On the H1 chart, gold is showing a clear M-top structure, often indicating a potential double-top rejection and momentum shift toward the downside. Key Resistance: 4060 remains a strong supply zone, with multiple rejections suggesting sellers are defending this level aggressively. Momentum Indicators: RSI is turning lower from near overbought territory, while MACD shows early bearish crossover — both confirming weakening upside pressure. Support Level: 4000 stands as the next strong technical and psychological level. A clean break below could open the door toward 3980–3960 in the short term. Trend Context: Price remains under short-term pressure, and a break below neckline levels of the M pattern would further validate the bearish scenario. 🌍 Fundamental Analysis: U.S. Dollar Strength: A firmer U.S. dollar, supported by stable or rising Treasury yields, is creating downward pressure on gold prices. Safe-Haven Flow Shifts: Earlier, gold benefitted from safe-haven demand amid U.S. shutdown fears and geopolitical uncertainty. However, recent profit-taking and slight improvement in risk sentiment have limited further upside. Interest Rate Environment: The Federal Reserve’s “higher for longer” tone on interest rates continues to cap gold’s gains, as higher yields increase the opportunity cost of holding the metal. Global Risk Landscape: While geopolitical risks provide long-term support, short-term trading is showing a more technical correction phase. 🔎 Bias Summary: Gold remains bearish below 4060, with 4000 as the primary downside target. The M pattern on H1 adds confluence to this bearish outlook. A clean break and close above 4060 would be required to invalidate this setup.4044 → 4020: Achievement Unlocked 🏆 240Pips Secured🔒 enjoy your profit Target🎯 1 Smeshed wonderfullyAll Target achieved successfully. Our analysis Get profit nicely done👍 enjoy your profit guy's 😇