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

This 4-hour gold (XAU/USD) chart shows price action forming a descending triangle, signaling a possible bearish breakdown. The trend is constrained by a downward sloping resistance line, with price consolidating near the lower range. A "Sell" signal has been triggered, and the Supertrend indicator aligns with the bearish bias. The chart highlights a target of 3009, suggesting a potential drop if support at 3,008.87 is breached. Traders should monitor for confirmation of a breakout or potential reversal.Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!