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

Gold has broken It's major support zone and came below. That supposed to now it retests the zone and wants to pull back so the accumulation is in process. Right now, what we are waiting for is that we with the major support zone is not breaking above, then, we can wait gold to come back to the 2800 levels. On the other scenario, if the gold breaks above this major support zone and comes back above the declining trend line and accumilate the price, then what we are waiting for is Goald to climb to all time high again. As shown in the charts.We are most probably waiting these major support zone to turn into another resistance zone and if this zone is not broken above and the zone is respected as a resistance then it will pay out and the price will go down until the 2800 levels.Good luck!More than 200 pips in profit!!!I have closed half of this position and set Stop Loss For Breakeven for now waiting for the full TP after a retracement to the 3020 level. Let's see what happens.Good luck!A small trendline could occur and If the blue box zone is retested successfully we can se this trendline break down, retest and significantly come below the liquidity magnet zone and possible turn back to higher price levels then come back to the storng support zone 2970-80.P.S. Sorry, there it was technical mistyping in the body of description 2800 levels It had to be 2980