Technical analysis by Mihai_Iacob about Symbol PAXG: Sell recommendation (1/6/2026)

At the beginning of the year, I mentioned the possibility of Gold pushing higher toward the 4450–4460 zone. That scenario has now materialized — and we even saw a brief spike above this resistance area. However, as discussed in yesterday’s post, Friday’s decline and the subsequent rebound may still be part of an emotional reaction, rather than a clean trend continuation. Now that the key resistance has been reached, the market sits at an important decision point: 👉 Reversal — or continuation of the bullish move? 🔎 Current Market Perspective From my point of view, Gold may not be done correcting yet. The structure still suggests that the more probable scenario is: ➡️ a renewed move back toward the 4350 support zone Until buyers demonstrate sustained strength above the current highs, upside momentum remains questionable. 📌 Trading Bias My stance for now: 👉 Bias: bearish, with 4350 as the primary downside objective ⚠️ Scenario is invalidated if price holds above 4500 with strong buying pressure As long as 4500 caps the upside, I continue to favor a corrective rotation rather than immediate bullish continuation. 🚀