Technical analysis by TradingStar090 about Symbol PAXG: Sell recommendation (4/23/2025)

XAU/USD sell setup:https://www.tradingview.com/x/8U54T4rj/ **Current Market Condition**:- **Current Price**: 3328 - **Trend**: The trend appears to be in a short-term downtrend, but we need confirmation of the bearish momentum. **Key Levels**:1. **Support Levels**: - **S1 (3298)**: If the price drops toward this level and holds, it could indicate a potential bounce or consolidation. - **S2 (3318)**: A stronger support level. If the price fails to hold at S1 and moves toward S2, it could further confirm bearish continuation if the support breaks.2. **Resistance Levels**: - **R1 (3341)**: The first level of resistance. If the price pushes higher and tests this level, it could face selling pressure. - **R2 (3380)**: A stronger resistance level. A move toward this level may signal the trend reversal is unlikely, and the bearish setup would be invalidated. **Sell Setup**:- **Target**: 3276, based on the current market structure and near-term support levels. The price has the potential to move towards this level if the bearish momentum continues. **Risk Management**:- **EMA 50**: Use the **50-period Exponential Moving Average (EMA)** as a dynamic support/resistance level. If the price remains below EMA 50, this is a confirmation of the bearish setup. If the price rises above EMA 50, it signals a potential trend reversal, and you should reconsider the sell setup.- **Stop Loss**: Place your stop loss just above **R1 (3341)** to limit risk, as a break above this level would likely indicate the trend is shifting upward. **Entry**:- **Sell Entry**: Consider entering the position if the price is below EMA 50 and moves toward **S1 (3298)** or if it fails to break above **R1 (3341)**. **Scenario**: - **Bearish Confirmation**: If the price stays below the **EMA 50** and tests **S1 (3298)** or **S2 (3318)**, with a clear rejection at these levels, consider selling toward **3276**. - **Invalidation**: If the price rises above **EMA 50** or breaks through **R1 (3341)**, the setup is invalid, and you should exit the position or refrain from taking the trade.🎯 Target Achieved!Trade hit the target successfully — profit secured! ✅Always great to see the plan play out just right.Make sure to lock it in, manage your risk, and enjoy the rest of your day.Stay disciplined. Stay profitable. 📈💸