Technical analysis by LiamPHudson about Symbol PAXG: Sell recommendation (4/1/2025)

Here we have the chart of my last 2 gold trades.First trade was took at the top of the first down trend with an entry of 3053, here I was anticipating a move to the 2950 area, at least. It was a profitable trade, I closed half of the position for a 400 pip gain, with my SL then moved to 200 pips in profit - which was then hit on the break of the trend.Following that price action we hit a massive 3 bar surge on the daily, massive move, massive momentum and unfortunately I was not in it! However this morning we seen more crazy move before the London open and I entered another short at 3145 when the STF was showing weakness, this is nicely in profit approaching 400 pips as I write this, SL at entry.On the close of this latest hourly we see we have broke below the major trend, and next I will be looking for a re test of the trend line/area of consolidation where I will add to my position with the overall retracement target remaining a massive 2950 - will i hold it until then? Doubtful!The area I was looking to add was hit at 2am UK time so unable to expand my position, but SL remains safe and I will likely now watch and wait with the news coming today.Original entry closed with 200 pips, re entered twice for 200 pip gains both times, still holding a 3085 entry final TP 2955.With all the craziness last week I wanted to be flat going in the weekend, very stop start week for me on gold ended up repeatedly shorting the rally's, not how I like to trade but profitable nonetheless. Last entry closed at +900 pips from 3123 to 3029.