Technical analysis by Pipsview_Analysis about Symbol PAXG: Sell recommendation (4/14/2025)

Pipsview_Analysis

🔹 Timeframes Observed: H1, M30, and M15Gold (XAUUSD) has officially broken the trendline on all three lower timeframes — 1 Hour, 30 Minutes, and 15 Minutes — indicating a clear shift in market structure towards the downside.🔹 Key Support Level:The next critical confirmation of bearish continuation will occur if price breaks below the $3116 support zone. A clean break and retest of this level can serve as strong validation for further downside movement.🔹 Target Zones:If the bearish momentum sustains, price may head towards the following levels:🎯 Target 1: $3195🎯 Target 2: $3172🎯 Target 3: $3132🔹 Stop Loss:To manage risk effectively, a recommended stop loss is placed at $3250. This helps protect against unexpected price spikes or false breakouts.🔹 EMA Confluence:The 21 EMA on the M30 timeframe has been broken, adding another layer of confirmation to the bearish bias. This EMA break often signals a shift in short- to mid-term trend direction.⚠️ Important Note on Fundamentals:While technicals currently show a bearish setup, it's essential to monitor fundamental drivers closely — including economic news releases, central bank statements, tariffs, and geopolitical events — as any significant development can invalidate technical patterns and shift market sentiment instantly.Target 01 reached