Technical analysis by GreyFX-NDS about Symbol PAXG: Sell recommendation (1/5/2025)

Gold Analysis IntroductionThe market is currently in a position where I expect specific price movements. The key levels are marked on the chart and the invalidation levels are clearly defined.Market ExpectationMarket Start: I expect an initial bullish move reaching 2670, where the price might struggle to continue.A reversal is expected towards 2525, followed by a return to a bullish direction, and ultimately a move towards 2740.Invalidation LevelsA breakout and confirmation above 2670 would invalidate the initial bearish scenario and strengthen the bullish move.Conversely, a break and confirmation below 2525 would invalidate the bullish scenario and could indicate a bearish trend.Trading StrategyEntry: Enter near key levels, considering confirmation of reversal or continuation signals.Risk Management: Set a stop loss above 2670 or below 2525 to manage risk effectively.ConclusionThe expected movement for gold is clearly outlined with high precision. Traders can capitalize on these levels with proper risk management to ensure a profitable trade.