Technical analysis by Geroge_Fx about Symbol PAXG: Sell recommendation (3/2/2025)

Sell Target for XAU/USDEntry Zone: Around 2,858Target 1: 2,805 (Support level)Target 2: 2,688 (Lower support in the upward channelTrade Plan Summary:The chart indicates a sell-off from the resistance zone.A potential retest at 2,900 before further decline.Key support at 2,805, with a deeper drop to 2,688 if momentum continues.Would you like additional confirmation with indicators (RSI, moving averages, etc.)? ; This is a technical analysis chart for Gold (XAU/USD) on the 4-hour timeframe. Here are some key observations:1. Uptrend Structure:The chart shows a clear bullish momentum with an upward trendline.A breakout occurred earlier, leading to higher highs.A triangle pattern formed near the resistance zone.2. Resistance Zone:Price has reached a resistance zone around $2,953 - $2,963.A sell-off happened after the price touched the top.3. Potential Price Action:A possible retracement is forming, targeting around $2,900 before further movement.If price breaks below $2,900, it could test the $2,805 support level.The overall upward channel remains intact, suggesting potential bullish continuation in the longer term.Would you like a more detailed analysis or trading suggestions based on this?