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

Gold Short Trade Idea and Analysis Current Market OverviewGold (XAU/USD) has been trading near all-time highs due to geopolitical tensions, inflation concerns, and central bank buying. However, signs of a potential pullback are emerging.Reasons for a Short Trade1. Overbought Conditions – Gold has been in a strong uptrend, but technical indicators (RSI above 70, extended Bollinger Bands) suggest a correction is due.2. Stronger Dollar & Yields – A potential Fed stance shift towards higher-for-longer rates could strengthen the USD and pressure gold prices.3. Profit-Taking & Seasonal Weakness – Gold often sees a correction after strong rallies.Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) on the daily/4H chart.Would you like a more detailed chart breakdown or a specific timeframe for execution?sl hit