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

🟡 **Asset**: Gold (XAUUSD) **Timeframe**: 30-Minute Chart **Published**: April 15, 2025 --- 📉 **Setup Type**: Bearish Reversal – Head and Shoulders PatternThis chart illustrates a classic **Head and Shoulders** pattern, suggesting a potential reversal from bullish to bearish momentum.---### 🔍 **Key Zones & Labels**:- **BOS (Break of Structure)**: Confirms initial bullish strength, but the structure break hints at a possible trend shift.- **L.S (Left Shoulder)**: Marks the first peak before the head formation.- **R.S (Right Shoulder)**: Indicates a lower high, a potential sell zone.- **Support Zone**: Clearly defined area around 3188, acting as the potential **target** for the short setup.---📌 **Trade Plan**:- **Entry Limit**: 3235–3237 (within the right shoulder resistance zone)- **Stop Loss (SL)**: 3240 (just above the resistance zone to protect against a false breakout)- **Target**: 3188 (aligned with previous structure support)---### ⚖️ **Risk-Reward Outlook**:This setup offers a favorable **risk-to-reward ratio**, aiming for a move from the entry zone to the support area, assuming resistance holds.