Technical analysis by TradeWithTheTrend3344 about Symbol PAXG: Sell recommendation (4/18/2025)

Hello,🟥 XAUUSD – Pro Bearish PlaybookResistance Breached, But the Rally Looks ExhaustedGold (XAUUSD) has just smashed through the 1M strong resistance at 3272.314, but let’s not kid ourselves — this move is running on fumes. The rally is heavily overbought, and macro sentiment is shifting fast.🗞 Macro Trigger: Tariff War CoolingPresident Trump has thrown a curveball, suggesting the U.S. may hold off on further tariff hikes, citing concerns about the impact on American consumers.“At a certain point, people aren’t gonna buy,” he said.He’s not ruling out new tariffs entirely, but the tone has clearly softened. Even China is stepping back, opting not to match U.S. hikes — and now the TikTok deal is on pause until trade talks settle. This reduces geopolitical risk, and that’s a red flag for gold bulls.📉 Why We're Bearish:Overbought Conditions: Gold is bloated. RSI, momentum, and fundamentals all scream “top-heavy.”Safe-Haven Demand Shrinking: With tariffs cooling and equities catching a bid, gold demand is set to fade.False Breakout Potential: The push above 3272.314 may be a trap if we don’t get follow-through.🧭 Bearish Strategy – The Breakdown PlanWe’re not just throwing darts — here’s how we map the fall:🔻 Level💰 Price📌 Role🟧 1D Pivot PointUse live dataKey trigger – watch for bearish confirmation below here.🟨 1M Resistance (Now Suspect Support)3272.314Already breached; likely won’t hold on retest.🟥 1W Pivot Point3146.658Next major target if momentum continues.🚨 Bear Max Target2466.313Full breakdown scenario if risk-off vanishes.🔥 Execution Plan – What to Do✅ Wait for confirmation below 1D Pivot.🔻 Short the rejection at 3272.314 if it acts as resistance on retest.🎯 Target 3146.658, then trail stops toward 2466.313 on continued weakness.🚫 Avoid blind entries – confirmation only. This isn’t guesswork.We’re not chasing gold higher at these levels. We’re waiting for the turn, and when it confirms — we strike.The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes!No Nonsense. Just Really Good Market Insights. Leave a BoostTradeWithTheTrend3344