Technical analysis by ayushpanchal92 about Symbol PAXG: Sell recommendation (4/21/2025)

nalysis Overview:Price Action: Gold (XAUUSD) has made a higher high on price while RSI is printing lower highs — a clear bearish divergence, hinting at exhaustion in buying pressure.RSI Reading: RSI dropped from 70+ to sub-50 levels despite price still pushing up, confirming momentum loss.Trendline Break: The ascending wedge shows a breakdown starting, further validating the bearish scenario.Demand Zone: Next key target area lies around ₹3,280–₹3,300, marked by the previous consolidation zone (highlighted in yellow).Bias: Short-term bearish. Expecting a clean fall toward the demand zone or lower.🔔 Trade Idea:Entry: After clean candle close below trendlineTarget: ₹3,300 / ₹3,280 zoneSL: Above recent high (₹3,390–₹3,395)Risk–Reward: ~1:2 or better