Technical analysis by seyefactory about Symbol PAXG: Sell recommendation (4/3/2025)

On the 1H timeframe, the chart shows a bearish trend with lower highs and lower lows. The price is currently testing the upper Bollinger Band, indicating potential overbought conditions. The ADX is below 20, suggesting a weak trend, but the EMA is sloping downwards, reinforcing the bearish bias. The entry point is set just below the recent resistance level at 3120.00, with a stop-loss above the last swing high at 3130.00 to protect against false breakouts. The take-profit target is set at 3100.00, aligning with key support levels where price action may reverse.