Technical analysis by FX_Mark0 about Symbol PAXG: Sell recommendation (2/18/2025)

XAU/USD 30-Minutes | Bearish Setup | High-Probability TradeGold (XAU/USD) has been trading within an ascending channel on the 30-minute timeframe. However, signs of exhaustion at the upper resistance suggest a potential reversal.Trade Setup:Entry Zone: Around 2933Stop Loss: 2948 (Above resistance for risk management)Take Profit: 2900 (Targeting key support zone)Technical Analysis:The price is struggling near the channel resistance, indicating possible bearish momentum.A breakdown from the channel could accelerate selling pressure.Confirmation of lower highs and lower lows may provide additional confluence for downside continuation.This setup offers a high-risk-reward opportunity for traders looking to capitalize on short-term weakness in gold. Keep an eye on price action near resistance levels for validation before entering the trade.📉 What’s Your Take? Comment below and let’s discuss! 🚀