Technical analysis by CandleStickGuru about Symbol PAXG: Sell recommendation (3/25/2025)

Gold has been in a strong uptrend recently, but towards the end of last week and the beginning of this week, selling pressure has emerged, leading to increased downside momentum. It’s worth noting that this week marks the final full week of March 2025, signaling the end of the first quarter. During this period, money managers and funds may rebalance their portfolios, potentially taking profits on their long positions.For the remainder of the week, gold is likely to exhibit bearish tendencies unless it manages to break above the green downward-sloping channel (potentially resembling a flag pattern). Price action may test the 3,000 level, and there's a possibility of breaking below it. However, if gold finds support around the 3,000 area and holds steady, it could present an opportunity to consider long positions.Gold has broken the trendline to the upside, so the downside trade is not valid.