Technical analysis by mirtacdin about Symbol PAXG: Sell recommendation (2/12/2025)

📉 Gold Technical Analysis | February 12, 2025A large descending triangle formation is observed on the chart. Although there was a sharp increase after the formation break, the RSI indicator is in the overbought region and is giving signals of weakening. The price action, which is currently touching a significant resistance area, may make a correction from here. If the selling pressure increases, a pullback to the levels of 2,850 USD and then 2,750 USD may be possible.📍 Important Supports: 2,850 - 2,750 - 2,600 USD📍 Important Resistance: 2,900 - 3,000 USDIt is useful to follow these levels carefully! 🚨