Technical analysis by amelia789 about Symbol PAXG: Sell recommendation (3/21/2025)

Gold Price: 3020Personal Prediction of Market: I think a bounce back to supporting areas of 2985 and 2950 is possible before market hits a new All Time High. Market is overbought and after hitting new all time high 3057 market is trying to correct itself and trying the lower areas. I think on Monday we might witness a drop as market can test the supporting area of 2985 and if market gives a bearish breakout then the second supporting area will be 2950. but if market does not bounce back then next week its target will be to gives a bullish breakout of 3057 and form a new all time high 3099.If Bounce Back: we may see 2985 and 2950If Pump Up: we may see a new all time high 3099Remember this analysis is not a trading advice but a personal opinion.Kindly like and follow if you find this analysis helpful