Technical analysis by FOREX_QUEEN_10 about Symbol PAXG: Sell recommendation (2/25/2025)

This is a technical analysis chart of XAU/USD (Gold vs. US Dollar) on the 1-hour timeframe from TradingView.Key Observations:Ascending Channel Breakdown:The price has been moving within an upward-sloping channel (blue trendlines).It recently broke below the lower boundary of the channel, indicating a potential bearish trend shift.Resistance Zone (Yellow Box):There is a highlighted yellow zone acting as a resistance area around $2,930 - $2,940.Price retested this area before moving lower, confirming it as a strong supply zone.Bearish Projection (Red Arrow):A bearish move is anticipated with a potential downward target near $2,870 - $2,860.The break of the trendline suggests further downside pressure.Short-Term Retracement Possible:The price might retest the broken trendline before continuing its downward move.Trading Outlook:Bearish Bias: A break below support suggests sellers are in control.Confirmation Needed: If price retests and rejects from the previous support turned resistance, it strengthens the bearish case.Target Levels: Potential support areas near $2,880 - $2,870.Risk Management: If price reclaims the resistance area above $2,940, the bearish outlook may be invalidated.Conclusion:Downtrend Likely: The break of the ascending channel signals further downside risk.Key Resistance: $2,930 - $2,940.Key Support: $2,880 - $2,870.🎉🎯 Target Hit! Another Successful Analysis! 🎯🎉 Big shoutout to my amazing followers! 🚀 Our recent XAUUSD (Gold) analysis played out exactly as expected, respecting the key resistance zone and delivering a beautiful reaction. 📉🔥 This is why we trust our technicals and stay patient! 💡💰 If you caught this move, drop a 🔥 in the comments! More setups coming soon—let’s keep winning together! #XAUUSD #GoldTrading #ForexQueen #TechnicalAnalysis #TradingView #ForexCommunity