Technical analysis by fxwithkay about Symbol PAXG: Sell recommendation (2/9/2025)

Looking at the chart, Gold is currently ranging within a Ranging Box and is testing a key Sell Zone at 2863 - 2866.Expected Market Movements: 1. Bearish Move First: • If price respects the Sell Zone, we might see a short-term drop to lower support levels around 2850 - 2827 before gathering liquidity. 2. Bullish Reversal Expected: • After liquidity grab at lower levels, a bullish push could send price rallying back up to 2874 - 2890.Key Levels to Watch: • Sell Zone: 2863 - 2866 • Support Levels: 2850 2839 and 2827 • Resistance Levels: 2873 - 2890🔹 Strategy Suggestion: • Look for sell entries if price holds below the sell zone. • Watch for a buy setup after the liquidity grab below 2850.📌 Stay patient and wait for confirmation before entering trades!