Technical analysis by ayushpanchal92 about Symbol PAXG: Sell recommendation (3/29/2025)

Gold (XAUUSD) has shown strong bullish momentum recently, reaching an all-time high of $3,085.345. However, there are clear signs of bearish divergence forming across the daily, 1-hour, and 15-minute timeframes, suggesting the bullish momentum may be weakening.Technical Breakdown:📅 Daily Chart (1D)Price is making higher highs.RSI is making lower highs – a classic bearish divergence.RSI currently at 73.87, in the overbought zone, indicating exhaustion.🕐 1-Hour Chart (1H)Similar structure: price climbing while RSI is trending downward.RSI around 62.27, showing divergence from the new highs in price action.🕒 15-Minute Chart (15M)Intraday bearish divergence continues.Price is riding an upward trendline, while RSI forms lower highs.If the trendline breaks, it could lead to a swift correction.Bias: Bearish (Short-Term)Trade Idea:If price breaks below the $3,070–$3,060 support zone (trendline on lower timeframes), we could see a pullback toward the following levels:📉 Target 1: $3,032📉 Target 2: $3,003📉 Target 3: $2,980 (Previous consolidation area)🛑 Stop Loss: Above the recent high at $3,090Conclusion:While the macro trend is bullish, the confluence of RSI bearish divergence across multiple timeframes hints at a potential short-term reversal or correction. Risk management is key as Gold remains fundamentally strong.Let the price action confirm the divergence via a breakdown before entering a short position.