Technical analysis by sagaahhelite about Symbol PAXG on 3/20/2025

📉 Stocks Fall as Fed Rally Fades 📌 U.S. stocks declined on Thursday, reversing gains from the previous session after the Federal Reserve maintained its outlook for two rate cuts in 2025. 🔹 Market Movement: ✅ Tesla fell 1% premarket, extending its March losses to nearly 20%. ✅ Alphabet and other tech stocks saw losses of around 1%. ✅ Technology Select Sector SPDR Fund (XLK) also dipped by 1%. 📊 Gold Making Potential Bearish Head and Shoulders Pattern 📌 Gold (XAU/USD) peaked at $3,057 after breaking the psychological $3,000 level. However, momentum is fading, and a potential bearish Head and Shoulders pattern is forming. 🔎 Levels to Watch: Neckline Support: $3,025 – A decisive break below this level could signal further declines. Bearish Targets: ✅ $3,005 ✅ $2,993 ✅ $2,980 📈 Outlook: A confirmed pattern breakdown could accelerate selling pressure.( $2960-$2940 Range) Failure to break the neckline may see gold remain range-bound or attempt a rebound.($3060-$3080 Range ) 💰 Traders should stay cautious and monitor technical signals for potential price shifts! 🚀📉