Technical analysis by NexusTradesZone about Symbol PAXG: Sell recommendation (2/27/2025)

Chart Analysis & Trade Setup:This XAU/USD (Gold/US Dollar) Daily Chart presents a bearish reversal pattern as Gold has broken down from a well-formed Rising Wedge, signaling potential downside momentum.Technical Breakdown:📌 Rising Wedge Formation – Gold followed a narrowing uptrend, indicating weakening bullish momentum.📌 CHoCH (Change of Character) – A significant bearish candle closed below the wedge structure, confirming a shift in market structure.📌 Wave Structure – The market completed a complex corrective WXYXZ pattern, aligning with exhaustion at the top.📌 Bearish Breakdown – The price has started declining, with strong bearish momentum suggesting further selling pressure.Key Levels & Trade Plan:📉 Bearish Target Zones:🔻 2,727 USD – First key support zone.🔻 2,655 USD – Strong historical demand zone.🔻 2,537 USD – Major swing low support.✅ Potential Trade Setup:Entry: Below 2,880 USD on breakdown confirmation.Stop Loss: Above 2,920 USD (wedge breakdown invalidation).Take Profit: Scale out at 2,727 / 2,655 / 2,537 USD.