Technical analysis by Michael-trades- about Symbol PAXG: Sell recommendation (4/10/2025)

**🔹 Chart Instrument:** Gold Spot / U.S. Dollar (XAUUSD) **🔹 Timeframe:** 30-minute chart **🔹 Published Date:** April 10, 2025 **🔹 Current Price:** ~3123.92 ---### 📉 Trade Setup (Short Position)- **Entry Zone:** 3129–3131 This is the suggested area to enter a short (sell) position. It's within a highlighted purple resistance zone, indicating potential price rejection. - **Stop Loss (SL):** 3136 Positioned just above the resistance zone, this protects against further upside movement if the trade goes wrong. - **Take Profit (Target):** 3050 This is the downside target, anticipating a move lower from the resistance.---### 🟪 Zone Highlighted- A **purple rectangular zone** marks a strong resistance area where the price previously reacted. This is the key area for potential reversal.---### 💡 Strategy Insight:The chart shows a rising trend leading into a resistance zone, suggesting a possible **reversal or pullback**. The trader is looking to capitalize on a **short-term decline** from that resistance level.✅ **Trade Status: Active**- **Current Price:** 3123.92 (XAUUSD)- **Entry Zone:** 3129–3131 ✅ **Price is already within the entry zone**, meaning the short trade setup has likely been triggered.---### 🔻 **Price Action:**- The price **rallied strongly into the resistance zone**, touching or slightly piercing the top boundary before pulling back slightly.- This suggests possible **early signs of rejection** from the resistance area, which aligns with the short setup.---### 📊 **Next Steps to Watch:**- **Bearish confirmation** (e.g., bearish candlestick patterns, lower highs) could strengthen the setup.- **If price rises above 3136**, the trade would be invalidated (stop loss hit).- **If price drops toward 3050**, the target would be achieved and the trade would be successful.