Technical analysis by PIPsOptimizer about Symbol PAXG: Sell recommendation (3/30/2025)

PIPsOptimizer

The price is in an uptrend, making higher highs and higher lows.A potential reversal zone is identified around $3,110, marked as a possible sell entry.The chart suggests that after reaching $3,110, the price may decline towards the support zone at $3,010 - $2,999.Confirmation of the sell trade can be considered if price action forms a bearish structure around resistance.Key support levels are at $3,010, $2,999, and $2,981, which could act as potential take profit targets for short positions.Trading Strategy:Sell Entry: Around $3,110, if resistance holds.Target: $3,010 - $2,999 zone.Stop Loss: Above $3,120 to manage risk.This idea follows technical price action, making it crucial to watch for confirmation signals before executing a trade. 🚀📉