Technical analysis by MarxBabu about Symbol PAXG: Sell recommendation (1/31/2025)

📊 Analyzing **Gold (XAUUSD)** across multiple timeframes: **22-day time frame**, **Weekly time frame**, **Daily time frame**, and **4-hour time frame**. 📉 Gold is likely to decline from **$2,797** to **$2,700**, forming a potential short setup. Key resistance has been identified, and a downward move is expected in the short term. 🔒 Stop Loss can be set above resistance to manage risk effectively. 🔍 We are using key support and resistance levels to identify this trade setup. Pine Script®Gold is approaching a crucial resistance zone, indicating a possible rejection. **Bearish View:** Expecting a move from **$2,797** down to **$2,700**. **Bullish View:** If Gold breaks above **$2,797**, further upside may follow. 🌟 This setup presents a very interesting opportunity! Watch price action near **$2,797** for confirmation. 📉 ⚠️ **Note:** Further downside is expected if Gold breaks below **$2,700**. ⚠️ 🔔 **Be sure to follow the updated ideas for real-time insights!** 🔔 ⏰ **Analysis Time:** Gold (XAUUSD) across multiple timeframes. ⚖️ **Do not forget to set a Stop Loss** for risk management! Protect your capital! 🔒 💡 **Follow your trading plan; this is just my analysis. I’d love to see your thoughts in the comments!** ✅ **Don't forget to hit the 'Like' button** ✅ 🙏😊 & share it with your friends; thanks, and happy trading! 📉