Technical analysis by rgmfxkiller777 about Symbol PAXG: Sell recommendation (3/24/2025)

Hello Trader,Gold (XAU/USD) Analysis & Target:Technical Overview:1. Current Price:Gold is trading around $3,024.265 on the 4H timeframe.2. Key Resistance Zone (Re_Entry Point):The chart indicates a potential rejection from the resistance zone near $3,040 - $3,045.The price may attempt another retest before dropping.3. Bearish Target:The target area is near $2,980 - $2,985, as marked in the chart.The price could decline after failing to break resistance.4. Trade Plan:Possible Short Entry: Around the re-entry point ($3,040+).Bearish Confirmation: If rejection happens in the resistance zone.Target: Near $2,980, where the next major support lies.Summary:Bearish setup: Expected price drop if resistance holds.Short entry: Around $3,040 - $3,045.Target: Around $2,980.Would you like further confirmation using indicators like RSI or moving averages?