Technical analysis by NexusTradesZone about Symbol PAXG: Sell recommendation (2/25/2025)

Hello traders💰 Gold Spot (XAU/USD) - 2H Chart Analysis🔍 Market Insights:🔹 Uptrend Channel Breakout: Gold was trending in a bullish channel but broke out and transitioned into a flat consolidation.🔹 Flat Price Action: After multiple rejections at the top, price has failed to continue the bullish momentum.🔹 Potential Breakdown: The price is now showing bearish momentum and could test the $2,880 support level.📉 Key Levels to Watch:✅ Resistance: $2,950 - $2,960 (Flat Range Top)✅ Support: $2,880 (Key Support) & $2,760 (Major Support)📊 Possible Scenarios:📌 Bearish Continuation: If the price fails to reclaim $2,925, we may see a drop to $2,880, and potentially $2,760 if bearish pressure continues.📌 Reversal Opportunity: A bounce from $2,880 could lead to a retest of the upper range near $2,950.💬 Will gold break down further or find support for another push higher? Let me know in the comments! 🔥👇#gold #xauusd #forex #trading #priceaction #technicalanalysis