Technical analysis by fxwithkay about Symbol PAXG: Sell recommendation (2/5/2025)

Bias: Sell 🔴Reasons for Sell Bias:1️⃣ Rejection at Resistance (2862 - 2870) • Price has reached a key resistance zone and is showing signs of rejection with a strong bearish candle.2️⃣ Overextended Bullish Move • Gold has been in a strong uptrend, but this sharp rally might need a pullback before continuing higher.3️⃣ Bearish Candlestick Formation • The latest candle is a strong rejection wick, indicating that buyers are struggling and sellers are stepping in.