Technical analysis by Mr_jeff82 about Symbol PAXG: Sell recommendation (3/25/2025)

1. Trend Analysis:The price has been moving in an upward channel with two support lines drawn.The price recently broke below one of these support lines, indicating potential weakness.2. Trade Setup:A short (sell) position is suggested in the red zone.The projected downward move is marked with a red arrow.The target price for the downward move is around 2,868 – 2,906.3. Market Phases:A Lead-In Phase is marked in the earlier consolidation zone before the breakout.A recent consolidation (rectangular zone) indicates possible distribution before a decline.4. Key Price Levels:Current price: ~3,021 USD.