Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Sell recommendation (4/17/2025)

Technical Analysis For XAUUSD 🟢 Trend Structure: Ascending Channel Formation Price moved strongly within an ascending channel, showing clear bullish momentum over multiple sessions. 🔺 Breakout & Rejection A breakout occurred with a large bullish candle and high volume, but the price quickly faced resistance near the 3,355 level and showed signs of rejection.🔻 Bearish Signal Emerges The price broke below the channel support, indicating a possible trend shift or short-term correction. High volume on the red candle suggests strong selling pressure.🎯 Target Area If the bearish momentum continues, price is likely to test the support near 3,294.50, which aligns with previous structure levels.If you enjoy, press the like button.200 pips+ achieved