Technical analysis by gouthamkulal1 about Symbol PAXG: Sell recommendation (2/28/2025)

gold is in bearish trend.Broke its support.LLLHBearish engulfer candle in weekly time frame.3 hr:MA 200 is just above the candle and getting respected as the previous day is near.MA 21 is being respected with bearish candle in 30 min.Currently at the retracement and marked my previous day high and low which is the crucial support and resistance part.Bullish indications:Hammer candle in 4 hr time frame.1 hr : i can see bullish divergence forming inverted head and shoulder but not formed completely and it will mostly fail due to bearish trend.Trade plan bias short @ 2856SL:2868.5TP1:2843TP2:2833