Technical analysis by Bullionbuzz about Symbol PAXG: Sell recommendation (2/12/2025)

This is a technical analysis chart for Gold Spot against the US Dollar (XAU/USD) on the 1-hour timeframe. The chart is decorated with various technical indicators and price action analysis.Entry Zone and Stop Loss (SL):Entry Zone: Between $2,925.64 and $2,930.74Stop Loss (SL): $2,940.5Take Profit Targets (TP):TP1: $2,908.51TP2: $2,888.83TP3: $2,864.39A sharp bearish movement happened recently, followed by a small recovery.Proposed Trade Setup:Anticipated retracement into the "Entry Zone" between $2,925.64 and $2,930.74.After entering this zone, the expectation is for the price to continue a downward trend toward the three take-profit targets.Risk Management:Stop Loss (SL) is above the entry zone to protect against unexpected upward movement.Multiple Take Profit levels suggest scaling out of positions for a balanced risk-reward strategy.ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.