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

Bearish Divergence & Resistance RejectionPrice is reaching the strong resistance zone (2936 - 2940), near the ATH (2942.710).RSI shows bearish divergence, signaling potential weakness in momentum.A rejection from this resistance zone could trigger a short-term pullback.Possible Short Entry: Upon confirmation of rejection (e.g., bearish engulfing, wick rejections).Short-Term Targets (TPs):First TP: 2,928.762Second TP: 2,921.587Potential Next Moves:Short-Term Correction – A rejection from 2936 - 2940 could lead to a brief pullback toward support levels (2928 - 2921).Bullish Continuation – If price holds at support, we could see a new impulsive move toward the ATH (2942.710) and beyond.📉 Scalping Play: Short from resistance with TPs at 2928 & 2921.📈 Long Opportunity: If resistance breaks, look for confirmation of bullish continuation.