Technical analysis by ForexOptimizer about Symbol PAXG: Sell recommendation (3/19/2025)

Gold (XAUUSD) is currently coiling within a symmetrical triangle on the 1H timeframe, indicating that a high-probability breakout or breakdown is imminent. Price is consolidating after a strong bullish trend, but volatility is compressing—typically a precursor to explosive movement.📊 Technical Analysis1. Symmetrical Triangle FormationPrice has been tightening within a symmetrical triangle, marked by lower highs and higher lows.These patterns typically resolve in the direction of the preceding trend—but can also serve as reversal zones, especially at key highs.2. Dual Scenarios Mapped OutBullish Breakout: If price breaks above the triangle, bulls may push toward the psychological resistance and Fibonacci extension target near 3,101.642, continuing the trend.Bearish Breakdown: A rejection at triangle resistance and clean break below the support line could send gold down to the demand zone around 2,929, a 2.6% potential move, aligning with previous structure support.3. Key Support ZoneThe highlighted yellow block shows a strong demand zone, previously respected during a mid-March consolidation.Price could seek this level if the triangle resolves to the downside.🧠 Trade Setup IdeasBullish Bias: Break and hold above 3,020, potential long entry with TP around 3,101Bearish Bias: Breakdown and close below 3,000, targeting the 2,930–2,915 zoneInvalidation Levels: Above 3,035 for bearish, below 2,995 for bullish