Technical analysis by GlebFX_ about Symbol PAXG: Sell recommendation (3/18/2025)

Market Overview:Gold (XAU/USD) is trading near historical highs, indicating strong buying pressure. However, a potential candlestick pattern could signal a short-term correction.🎯 Plan for the Day:Short Positions (Short-Term):I will consider entering short trades if a bearish candlestick pattern forms (e.g., pin bar or engulfing pattern).Target: The nearest liquidity zone on the M15 timeframe.Risk-to-Reward Ratio (RR): Greater than 1:5.Long Positions (Short-Term):If the price "sweeps" the liquidity at IDM (Initial Drive Momentum), I will consider entering a short-term long trade.Target: The next liquidity zone on the upside.📊 Chart:Attached is a chart with key levels marked: historical highs, IDM, and nearby liquidity zones.⚠️ Risk Management:Stop-loss will be placed just beyond the nearest key level.Position size is calculated to ensure risk does not exceed 1% of the trading capital.