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

Gold just broke into all-time highs above $3,000, and everyone’s celebrating… but that might be exactly the problem.This kind of vertical rally after a long grind could be setting up for a classic fakeout or blow-off top. Price is going parabolic, and when that happens, gravity usually follows.📉 Why I’m Eyeing a Short:Price is extended far from key moving averages and long-term trendlines.We’re seeing a steep, unsustainable move, similar to past tops (2011 vibes?).No consolidation = no support below. If it breaks down, there’s air underneath.Everyone's bullish. I love fading that.🔻 Trade Plan:Entry: If gold starts rejecting $3,050–$3,100 zone with heavy selling wicksStop loss: Just above the recent highs ~$3,120 (to avoid being squeezed)Target 1: $2,950 (first support zone)Target 2: $2,800 (major support / prior breakout area)⚠️ Risk:This is a counter-trend trade, so timing is everythingIf momentum continues, don’t fight it — wait for a clear rejection or breakdown