Technical analysis by Bullionbuzz about Symbol PAXG: Sell recommendation (2/18/2025)

This chart shows the Gold Spot price against the US Dollar (XAU/USD) on the 4-hour timeframe.The chart features a key resistance zone highlighted in a red shaded area around the $2,900 level. According to the annotations:"Price should have to test this zone and then down": This suggests that the price is expected to retest this resistance zone and potentially move downward from there."If the price breaks this zone and a strong candle closed above then it can go above": If the price breaks through this resistance with a strong bullish candle, it could indicate a continuation upward.Three downside targets are marked:Target 1: $2,879.07Target 2: $2,864.81Target 3: $2,833.36This analysis implies a bearish outlook unless the price breaks convincingly above the resistance zone, which would shift the bias upward.ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.