Technical analysis by TradingArtAcademy about Symbol PAXG: Sell recommendation (11/10/2024)

Technical AnalysisTrend: XAU/USD shows signs of bearish pressure near a key resistance level with the price forming a potential double-top pattern.Resistance Level: zone has acted as strong resistance multiple times, signaling a possible reversal.Trade SetupEntry: Sell at **** or wait for a confirmed break below $****Stop-Loss: Above $**** to limit risk if price reclaims resistance.Take-Profit:Target 1: *****Target 2: $*****Risk-Reward Ratio: Maintain at least 1:5