Technical analysis by Akshat_SRCC about Symbol PAXG: Sell recommendation (2/18/2025)

Gold has exhibited a classic Wyckoff cycle, transitioning through key phases: distribution → accumulation → manipulation → potential distribution. After a period of accumulation, price action showed clear signs of manipulation, likely trapping early longs. Now, we are approaching a potential second distribution phase, supported by price rejection near a respected fair value gap (FVG). A confirmation breakdown from this level could signal a high-probability short setup, aligning with institutional order flow dynamics.