Technical analysis by MangoMan4 about Symbol PAXG: Sell recommendation (3/10/2025)

Gold (XAUUSD) has shown clear signs of weakness after multiple failed attempts to break above resistance. The descending trendline acted as a strong dynamic resistance, leading to a sharp sell-off. The projected path suggests further downside movement, with increasing bearish momentum.📊 Technical Breakdown:✅ Rejection at Resistance: Price failed to break above the key resistance area, confirming a bearish structure.✅ Lower Highs Formation: A series of lower highs indicate sellers are gaining control.✅ Trendline Holding Strong: The curved descending trendline has successfully rejected price action multiple times.✅ Breakdown Underway: The recent drop confirms sellers stepping in aggressively.📉 Possible Targets:1️⃣ Next Key Support: $2,850 - $2,820 zone could act as a short-term demand area.2️⃣ Deeper Selloff: If momentum persists, a drop toward $2,780 is on the table.📢 Trading Plan:🔹 Bearish Bias: Look for pullbacks toward resistance for potential short entries.🔹 Bullish Reversal? Only a sustained break above $2,910 would shift the bias.⚡ Do you see Gold dropping further or reversing soon? Comment below!#XAUUSD #Gold #Trading #TechnicalAnalysis #Forex #Metals