Technical analysis by FX_Jhon about Symbol PAXG: Sell recommendation (4/16/2025)

This chart is a 1-hour time frame for Gold (XAU/USD), and it appears to show a bearish reversal trade setup with the following key elements:Entry Line: Marked at around the 3,275 level, where price shows rejection after a strong bullish move.Stop Loss: Positioned slightly above the recent high (~3,295), to manage risk if the price breaks upward instead.Take Profit: Around the 3,240 level, a previous support zone and neckline area, suggesting a bearish target.The orange circles highlight what seems to be a double top or head and shoulders pattern behavior in smaller time frames, often signaling a reversal from uptrend to downtrend.Overall, this setup is likely aiming to short gold, anticipating a pullback or bearish reversal from the resistance zone.TYRADE ACTIVE