Technical analysis by SRFXGlobal about Symbol PAXG: Sell recommendation (4/30/2025)

XAUUSD Not much has changed since my last update—gold remains stuck in the same range-bound, triangle pattern we've been tracking. The price action is definitely tightening, which usually means we're getting closer to a decisive breakout.Key Levels: - Support: 3300 is holding firm as a strong support level. - Resistance: 3350 continues to cap the price as a major resistance, keeping gold within a wide range.My outlook remains bearish for the short term, especially as gold is still trading below the golden Fibonacci zone (3375-3420). The weekly close also confirmed that sellers remain in control for now.Today’s monthly close is particularly important and could set the tone for the next move:- If gold finishes below 3330, this will strengthen the bearish outlook and open the door for a drop towards 3250, 3200, 3150, and even 3070.- However, a breakout above the triangle and 3350 would force a reassessment of the short-term direction.For now, I’m waiting for a clear breakout from this range to confirm the next major move. Personal trade plan: - I believe we can enter a sell trade here, with targets at 3250/3200/3150/3070.- My stop loss is set at a 4-hour candle close above 3335.As always, manage your risk and trade wisely. Good luck, traders! 🏆💰