Technical analysis by ansarionline about Symbol PAXG: Sell recommendation (4/15/2025)

🔍 Technical Breakdown:The current market structure on Gold (XAUUSD) is forming a rising wedge, which often signals a potential bearish reversal. Here's a breakdown of the setup:🔹 Price Action:We observe a clean ascending structure, with price respecting higher lows.Price is approaching a strong resistance zone marked around 3242-3246 (red box area), a key supply zone where sellers previously entered with force.🔹 Liquidity Grab Plan:Expecting a liquidity sweep or false breakout above the green resistance zone.A possible "fake out" wick may attract breakout buyers before the real reversal begins.🔹 Bearish Confirmation Zone:After liquidity is grabbed, if the price fails to sustain above 3242 and breaks below the mid-level support (blue line ~3230), it confirms bearish pressure.Ideal entry would be on the retest after the break of the structure.🎯 Trade Plan (Sell Bias):✅ Entry Zone: 3242 - 3246 (on liquidity grab)🎯 Target Zone: 3190 - 3185 (marked by the big green arrow)📛 Stop Loss: Just above 3246📈 Risk-Reward: High probability setup based on structure and rejection zone.⚠️ Note: Wait for confirmation! No need to jump in early. Always manage risk.💬 What’s your bias on Gold today? Do you think bulls can break through or will bears dominate again? Let's discuss in the comments!#XAUUSD #Gold #Forex #PriceAction #SupplyAndDemand #LiquidityHunt #ChartAnalysis #BearishSetup #SmartMoney #ForexSignals #TradingViewIdeas