Technical analysis by KevinNguyen-SimpleTrade about Symbol PAXG: Sell recommendation (2/9/2025)

KevinNguyen-SimpleTrade

📊 Market Analysis from the Chart:Gold has displayed critical signals in the past week, especially around the 2881 resistance level. This level formed a Double Top pattern accompanied by a strong Bearish Marubozu candle, signaling that sellers have taken control at this key resistance zone, driving the price below short-term support levels.💡 Technical Highlights from the Chart:Double Top at 2881: Price tested this significant resistance but failed to break through, triggering strong selling pressure.Bearish Marubozu on H4: The strong bearish candle confirms that sellers dominated at the peak.CP Zone Retest: The Continuation Pattern (CP) Zone was retested before the price dropped sharply, solidifying the correction trend.🔍 Liquidity Plan for Next Week:First FVG Zone (2850 - 2842): Already tested but remains an important area to monitor.Major FVG Zone (2835 - 2828): A critical liquidity zone likely to attract strong buying interest.Final Support Zone (2810 - 2800): If this zone is breached, it could trigger a new bearish trend with deeper corrections.📈 Forecast for Gold’s Trend:Bullish Scenario: If price holds above 2835 - 2828, Gold may rebound and resume its primary uptrend.Bearish Scenario: If price breaks below 2810 - 2800, it may initiate a deeper bearish correction.⚙️ Trading Strategy:SELL: Around 2860 - 2862, targeting lower liquidity zones.BUY: At the support zone 2835 - 2828, expecting a potential bullish reversal.📩 Follow KevinNguyen-SimpleTrade for weekly market insights and actionable trading strategies! 🚀💬 What’s your outlook for Gold this week? Will it rebound or continue to drop? Share your thoughts in the comments! 🔥