Technical analysis by elitetrader9090 about Symbol PAXG: Sell recommendation (3/21/2025)

Gold (XAU/USD) Head & Shoulder Chart Pattern**Bearish Breakdown Confirmation (📉 Downtrend Risk)**- **Head & Shoulders Breakdown:** The price formed a **head and shoulders pattern**, signaling a potential reversal. - **Sell Zone:** Price is trading below the **21 EMA ($3,027)** and **7 EMA ($3,028)**, confirming bearish pressure. - **Support Test:** Price is approaching the **50 EMA ($3,000)**, which is a key level. A break below this could accelerate selling. - **Bearish Confirmation:** If gold fails to reclaim the **$3,028-$3,030 zone**, further downside toward **$2,980-$2,960** is likely. - **Entry Points:** A rejection from **$3,025-$3,030** is ideal for sellers, while a breakdown below **$3,000** confirms further weakness. 📌 **Conclusion:** - **Below $3,030 = Bearish outlook toward $3,000 & $2,980** - **Break below $3,000 = Strong downside toward $2,960** - **Above $3,030 = Bulls regain control** Trading Plan:🔴 Sell near resistance ($3,025-$3,030) with a stop above $3,035. 🟢 Take profit at $3,000, then $2,980 if breakdown occurs.https://www.tradingview.com/x/RdveNV6O/**Gold Trade Update:** Breakout sell entry at **3030**, hit **3005**, securing **250 pips** in profit! 🎯 Congratulations to those who followed the idea. Stay tuned for more successful setups. ✅ **Close all trades for now.**close trades now