Technical analysis by FXOnTop about Symbol PAXG: Sell recommendation (4/27/2025)

Hi traders! Analyzing XAU/USD on the 1H timeframe, price is rejecting from a key resistance inside the descending channel.🔹 Entry: 3,318🔹 TP: 3,271🔹 SL: 3,369Gold is respecting the upper trendline of the downtrend channel, and momentum remains weak. After a small bounce, sellers have stepped in again, suggesting a possible continuation to the downside.RSI remains below the 50 mark, favoring bearish pressure. A break below 3,300 could confirm acceleration towards the target zone at 3,271.Watching closely for bearish continuation signals!⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.🔥