Technical analysis by QuinnReed_Charts about Symbol PAXG: Sell recommendation (5/2/2025)

🟡 XAUUSD Analysis – May 2, 2025Chart Overview:Price is reacting near the 0.5–0.618 Fibonacci retracement zone (~3262–3275), a key supply area.A bearish rejection candle is forming at 3264.51, showing resistance.The projection curve on the chart suggests a potential pullback to the 0.236 (3232.76) or even 0 (3206.26) level.🧠 Fundamental Catalyst (Today’s NFP):If the NFP comes out weak (138K or lower) as expected:USD may weaken → gold could break above 3275 and aim for 3294 or higher.If NFP beats expectations significantly (e.g., above 200K):Strong USD → This bearish setup could play out → Gold may drop toward 3232 or 3206.📉 Signal (Short-term idea):Bias: Bearish below 3275Entry: Sell near 3265–3275 (supply zone)TP1: 3232TP2: 3206It was sell on the written on the wall.The signal has reached it's target 3232, time to take all your profit here.