Technical analysis by smarttradingstar about Symbol PAXG: Sell recommendation (3/21/2025)

Daily Chart (D1) Analysis – XAU/USD1. **Doji Candlestick Formation** - The last candle appears to be a **Doji or near-Doji formation**, signaling **market indecision**. - This could indicate a **potential pullback** or a **pause** in the ongoing bullish trend. 2. **Key Observations:** - **Uptrend Still Intact:** The price remains **above the 7 EMA ($3,016)** and **21 EMA ($2,958)**, confirming bullish momentum. - **Possible Reversal or Consolidation:** If today’s candle confirms **bearish follow-through**, we might see a pullback toward **$3,000 or lower**. 3. **Support & Resistance Levels:** - **Immediate support:** $3,016 (7 EMA) - **Stronger support:** $2,958 (21 EMA) - **Resistance:** $3,0564. **Trading Strategy Considerations:** - If Gold **breaks below $3,016**, a correction toward **$2,958-$2,900** is possible. - A **bullish confirmation** above $3,050 could trigger a continuation toward **$3,100+**. 📉 **Bearish Scenario:** A daily close below $3,016 could lead to a **retracement** toward $2,958. 📈 **Bullish Scenario:** A breakout above $3,050 confirms strength, leading to new highs.Risk management is a key so must use risk management https://www.tradingview.com/x/i4BoYQPy/**Gold Update:** Bearish momentum confirmed! 💥 Price dropped **100 pips** from **3043 to 3030** after breaking the **3040 support**. Trade activated → Partial profits taken ✅ Holding the rest for more downside! 📉🔥