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

https://sahmeto.com/message/3386530
PIPsOptimizer
PIPsOptimizer
Rank: 1737
2.4
Sell،Technical،PIPsOptimizer

📉 Market Structure:Gold was moving in an ascending channel, but price has now broken below the support trendline.This suggests a possible trend reversal or correction.📌 Key Levels:Resistance: $3,125 - $3,170Support: $3,054 - $3,035Target: $3,000 - $2,995📊 Trade Idea:A pullback to support-turned-resistance could give a short entry.Bearish target: $3,000 if rejection holds.Invalidation: If price reclaims $3,125.🔍 Watch for:Price reaction at the former channel support.Possible retest before further drop.Let me know if you need any modifications! 🚀

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$3,116.5
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