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

This chart shows a trading setup for Gold (XAUUSD) on the 1-hour timeframe, with clearly defined:Entry Level: Around 3,305 USDStop Loss Level: Slightly above the entry, around 3,320 USDTake Profit Level: Near 3,270 USDThis setup suggests a short (sell) position is being considered, likely based on price reacting to a key resistance zone (highlighted by the top red zone) where price was rejected before (noted by the previous peaks circled in orange).The green arrow pointing down indicates the expected price movement, targeting a retest of the support zone below.If you want, I can help analyze the risk-reward ratio or discuss why this level might be significant based on technical indicators. Want to dive deeper?TRADE ACTIVE