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

Gold update 15m head and shoulder breakdownKey Levels:Resistance Levels:3,040.000 (Immediate Resistance)3,050.0003,060.0003,070.000 (Major Resistance)Support Levels:3,022.000 (Immediate Support)3,014.0003,006.5002,999.0002,991.000 (Major Support)Price Action Overview:Gold is currently trading at 3,033.785, showing a slight upward movement of +1.685 (+0.096%).The price has been consolidating between 3,031.425 (Low) and 3,034.430 (High) in the last 15-minute candle. The market is testing the 3,035.410 level, which could act as a minor resistance.Technical Indicators:USB (Ultimate Support/Resistance Band):Current Value: 38.301 (-1.279)Indicates potential support/resistance zones around 3,830.4.TAT & Skullers Indicator:Current Value: -38.306 (-1.269)Suggests a potential retest or breakdown level around 3,830.6.Market Sentiment:The market is showing slight bullish momentum, but the price remains within a tight range.A breakout above 3,040.000 could signal a stronger bullish trend, while a breakdown below 3,022.000 may indicate bearish pressure.Trading Strategy:Bullish Scenario:Entry: Consider a long position if the price breaks and sustains above 3,040.000.Targets:3,050.000 (First Target)3,060.000 (Second Target)3,070.000 (Major Resistance)Stop Loss: Place below 3,022.000 to manage risk.Bearish Scenario:Entry: Consider a short position if the price breaks and sustains below 3,022.000.Targets:3,014.000 (First Target)3,006.500 (Second Target)2,999.000 (Major Support)Stop Loss: Place above 3,035.410 to manage risk.Risk Management:Always use proper risk management techniques.Risk no more than 1-2% of your trading capital per trade.Adjust position sizes according to your risk tolerance and account size.