Technical analysis by ProTradeSignals about Symbol PAXG: Sell recommendation (3/13/2025)

💡 Trade Rationale:1️⃣ Technical Breakdown:2940.110 is a key resistance level; rejection confirms downside potential.Price struggling to hold above 2950, signaling weakness.2️⃣ Macro Factors:Stronger USD & bond yields keeping gold under pressure.Lower-than-expected CPI reducing gold’s safe-haven demand.3️⃣ Market Sentiment:Bearish below 2940 with sellers stepping in aggressively.Break below 2925 confirms momentum to 2910.676 target.📊 Watch for:✔️ Weak rejection at 2940 for clean short setup.✔️ Break below 2925 accelerates selling pressure.✔️ U.S. market open (15:30 IST) volatility impact.🚨 Bearish Bias 🚨 – Short Gold Below 2940.110, Targeting 2910.676! 📉🔥🔴 Short Entry: 2940.110🎯 Take Profit (TP): 2910.676🛑 Stop Loss (SL): 2953.561#XAUUSD #Gold #Short #Trading #TechnicalAnalysis #USD