Technical analysis by Davidhills_110 about Symbol PAXG: Sell recommendation (3/19/2025)

This is a Gold (XAU/USD) 30-minute chart from TradingView, showing a potential trade setup. Here’s what it means:1. Range Formation:The price is moving between two key levels (black horizontal lines), indicating consolidation.2. Breakout or Rejection Scenario:The blue arrows suggest two possible outcomes:A break above resistance, leading to further upside.A rejection at resistance, causing a drop toward the lower support zone.3. Support Levels:If the price falls, the next key support is around 3,011.54 (marked in pink).4. Previous Trend:The highlighted blue channel (ascending) shows a past bullish move, but now price is in consolidation.Conclusion: The chart suggests waiting for a breakout or rejection from resistance to decide the next trade direction. If resistance holds, a short trade is possible. If it breaks, a buy setup is confirmed.