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

https://sahmeto.com/message/3415159
Trading_King_Arthur
Trading_King_Arthur
Rank: 1377
2.6
Sell،Technical،Trading_King_Arthur

Yesterday’s market remained calm without any significant swings, unlike the strong movements we’ve seen previously. Today, however, appears to be a critical turning point as the market prepares for a directional breakout.📊 Technical Overview:Gold is showing signs of retesting the resistance around 3240, while short-term support lies at 3194–3188. If this resistance holds and the price fails to break above, a double-top pattern may form—potentially triggering a major drop between Wednesday and Thursday.If the price breaks above 3240, there may be around $30 of additional upside, but this is likely to mark the formation of a short-term top, followed again by a decline.🎯 Key Bearish Target Zones: 3137-3106Whether it breaks upward or downward, a bearish opportunity is building. Stay patient, follow the price action, and avoid emotional decisions to catch the move at the right moment.

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$3,242.53
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