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

Market Structure & Bias: The chart shows a clear downtrend with lower highs and lower lows. Price recently retested a previous support zone and bounced back slightly. The Sell Zone around 2893 – 2909 has been marked as a key area of interest for potential short positions. Possible Scenarios 1️⃣ Bearish Bias Primary Setup Price pushes into the Sell Zone 2893 – 2909 and forms a rejection A strong bearish candle or break of lower timeframe structure confirms the sell setup Entry In the Sell Zone after confirmation Target 2812 Stop Loss Above 2909 to avoid liquidity grabs 2️⃣ Bullish Scenario Less Likely If price breaks above the Sell Zone and holds above 2909 we could see a shift in market structure In this case price may target 2919 – 2942 previous supply area Conclusion 🔴 Bearish bias remains dominant unless price breaks and holds above 2909 🔴 Ideal trade setup Wait for rejection in the Sell Zone for a short position targeting 2812 🔴 If price fails to reach the Sell Zone and starts breaking below 2871 a continuation downward could begin early 📌 Stay patient wait for confirmations before entering trades 🚀