Technical analysis by Michael-trades- about Symbol PAXG: Sell recommendation (4/7/2025)

This updated chart is the **15-minute timeframe** version of the same **XAUUSD short setup** shown earlier, and it provides a broader view of market structure and context.### 🧩 Key Observations (Compared to 5-Minute Chart):- **Price Action**: You can now see the previous support-turned-resistance more clearly. That purple zone has acted as a clean supply area — price rejected it multiple times.- **Entry Confirmation**: The rejection candles forming just under the entry zone (3031–3034) look promising, showing sellers stepping in.- **Structure**: The market made a lower high into the zone, consistent with a potential continuation to the downside.- **Volume/Volatility**: From the strong bullish reaction off the demand zone (around 2980) and quick rejection from supply, there's decent momentum in both directions — so managing this trade actively will be important.### ⚖️ Trade Plan Recap:- **Entry**: 3031–3034- **Stop Loss**: 3045- **Target**: 2980- **Reward to Risk Ratio (RRR)**: Still approximately **3:1**✅ **Trade Status Update**:- **Current Price**: ~**3028.77**- **Entry Zone**: **3031–3034** → ✅ **Trade has triggered**- **Stop Loss**: **3045** → ❌ **Not hit**- **Target**: **2980** → ⏳ **Still in progress**---### 📉 Price Action Notes:- Price **entered the trade zone**, slightly above 3030, and then **rejected the supply zone**.- It has since moved **slightly in your favor**, currently sitting below entry, around 3028–3029.- No signs of invalidation yet — the stop loss is safe for now.- Price is **respecting the structure**, showing potential to continue lower.---### 🕹️ What to Watch Next:- A break **below 3020** would likely confirm continuation toward the 2980 target.- If price retests the entry zone but fails to break 3034 again, it could be a sign of weakness and continuation.- If price pushes toward **3040–3045**, keep a close eye — stop could be tested.