Technical analysis by MARK_STEVAN about Symbol PAXG: Sell recommendation (3/4/2025)

This is a technical analysis chart for Gold Spot (XAU/USD) on a 1-hour timeframe from OANDA. The analysis outlines a buy trade setup with the following key points:1. Entry Point: Around 2,916.721, which is marked with a yellow label.2. Stop Loss: Placed at 2,900, marked with an orange-red label. This serves as the risk management level to exit if the price moves against the trade.3. Target Level: 2,960, marked in green, which is the profit target for this trade.4. Risk-Reward Ratio: The trade setup shows a favorable risk-to-reward structure, where the potential profit is significantly higher than the possible loss.5. Market Context: The price has experienced a bullish breakout, indicating momentum that could continue toward the 2,960 target.This setup suggests a long (buy) trade, expecting the price to rise within the green zone while ensuring risk is managed with a stop-loss in the red zone.