Technical analysis by Viatre about Symbol PAXG: Sell recommendation (3/26/2025)

-Market Formation:After updating new historical highs, gold corrects twice to the 3000 level, which indicates consolidation of large volumes at this level, thus forming a descending triangle on the hourly chart, and the imbalance level at 2955-2960.It is likely that the growth goals of significant market participants have been achieved, and now there is a fixation of volumes, for further upward movement will require new liquidity, passed in the imbalance zone.-Forecast:Main downside target to the level of 2955-2960, followed by testing 3000 already as a resistance level, and possible consolidation at this level.-News background:Expectations of new customs tariffs, strengthen the position of the dollar.Also, the settlement of geopolitical tensions, weakening the gold positions.