Technical analysis by moustafa_marei about Symbol PAXG: Sell recommendation (2/16/2025)

* I expected around month ago that Gold would reach to 2943 exactly and it was so right prediction. But in return I expect a bearish retrace after 2943 was hit, which was my bigger TP target.* We are in a big rising channel on the weekly frame (in turquoise). A bearish retrace followed the price touch to the channel upper line.* I do not think that it will go too much down but I still accept a logic correction in the price after the last bullish run to the new ATH* I think that it will reach neither to the bottom of the channel line nor to the day candle top of 31.10.2024* The safest level I recognised is when the price reaches to that green line I drew at 2830.51 Note:My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.