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

GOLD Sell ZoneA potential selling opportunity has been identified in Gold, with a sell entry between 3037 and 3040.*Sell Entry:* 3037 - 3040*Target Levels:*- _TP1: 3027_- _TP2: 3017_- _TP3: 3000_- _TP4: 2981_*Stop-Loss:* 3063*Reasons to Sell:*1. *Resistance Zone:* Gold has reached a strong resistance zone between 3037 and 3040.2. *Overbought Conditions:* Gold's RSI indicator is showing overbought conditions.3. *Potential Reversal:* A reversal in Gold's price could be imminent, given the recent rally.*Market Context:*Gold prices are consolidating after reaching a record high, with investors cautious ahead of the US Federal Reserve's monetary policy announcements. A hawkish decision could lead to a sharp correction in gold prices.*Federal Reserve Decision:*The Fed is widely expected to extend the pause to its interest-rate-cutting cycle in March. However, any hints of a further extension of the pause, or fewer rate cuts this year, could trigger a sharp correction in gold prices.*Geopolitical Tensions:*Persisting tensions, such as the Israel-Gaza conflict and Ukraine-Russia tensions, may cap any downside in gold prices.*Trading Strategy:*Sell Gold between 3037 and 3040, with a stop-loss at 3063. The TP levels can be used to take profits or adjust the stop-loss to break-even.Keep your best wishes to Travis 👍Our first tp hit guysOur 3rd tp is about to hit guys. Bearish is still on the way 🔥🔥🔥