Technical analysis by Kev-Mad about Symbol PAXG: Sell recommendation (1/3/2025)

Double Top Formation:A double top has been identified near the $2,675-$2,680 level, signaling a potential reversal from the bullish trend.Broken Channel:The previous upward channel has been broken, indicating a shift in market structure and possible bearish momentum.Two Scenarios Outlined:First Scenario (Blue Path): The price may consolidate or retest the $2,630-$2,640 range before resuming its downward trend toward $2,578.Second Scenario (Red Path): A bullish retracement toward the $2,675-$2,680 resistance zone is possible, followed by a reversal and significant decline.Support and Resistance Levels:Resistance: $2,675-$2,680 (critical zone for the second scenario).Support: $2,629 (short-term) and $2,578 (major support).Outlook:The bias appears bearish due to the broken channel and the double-top pattern. Confirmation of either scenario depends on price action near the outlined key levels.t.me/+OrHwACfjBpNhMzRk This is my channel. I can guarantee that you will get 300% profit within two weeks. If you are not satisfied, I will not charge you any fees. Similarly, if there is a loss, I will compensate you for all your losses. I hope we have the opportunity to cooperate! Click the link below to join us: t.me/+OrHwACfjBpNhMzRk