Login / Join

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

https://sahmeto.com/message/3386530

Gold (XAU/USD) Breaks Ascending Channel – Bearish Move Ahead?

Sell
Price at Publish Time:
$3,116.5
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! 🚀

Source Message: TradingView
Signals
Top Traders
Feed
Alerts