Technical analysis by Wick-Sniper about Symbol PAXG: Sell recommendation (5/3/2025)

🟡 Gold Traders: Nothing Matters Until Wednesday! ⏳💤Hey traders! 👋This week, all eyes are on Wednesday... and everything before that? Mostly noise.Let me break it down for you. 👇📊 Technical OutlookGold is chilling above a key resistance level right now.Trendlines suggest we won’t see any major moves before Wednesday unless big news drops. 📰🕐 Asian session is kicking things off above resistance.If bulls show up there, we could break Trendline 1 (Image below) and head towards the $3300 🎯 target.📉 RSI across multiple timeframes? Pretty neutral.If Asia trades flat or slightly bearish, gold might range between $3210–$3250.Break below $3201, and things could get shaky... but the European session might push us back above that support.U.S. session on Monday? Likely a sideways snoozefest 😴 (unless surprise news hits).🎯 Trade Setup (Mon–Wed)I’m looking to play the range between:$3261 (Trendline 2) 🔼 and $3169 (Trendline 4) 🔽That’s a comfy $90 window I’m aiming to trade before Wednesday's fireworks. 🚀🔮 After Wednesday – The FED Factor 💣Here’s the real catalyst:Wednesday, May 7 at 2:00 PM EST – FOMC Rate DecisionIf the FED cuts rates (not likely, but possible under pressure), gold could tank hard. 💥I’m talking a potential drop to $3150 or lower 🕳️📉That’d be a -$90+ move easy.FED has been holding the line 💪, resisting pressure (especially from Trump back in the day), but if the economy flashes red, that rate cut might come sooner than expected.🧠 Final ThoughtsFED paused hikes, but left the door open for 3 rate cuts this year.Until we get more clarity, no strong bullish signals on gold.My bias stays: Bearish unless proven otherwise. 🐻💬Stay sharp out there, and watch those sessions. Wednesday’s the real deal! 💼📉And last but not least, look at this and let us know what you think about please:Some would say its impossible but as we know, gold can do everything!-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊During the Asian trading session, gold price pushed above resistance at $3269 but subsequently fell back down before European session began. The weakening dollar then allowed gold to rally again, reaching $3338. Gold has now established a trendline, and if momentum remains strong, further upward movement is expected. Dollar could prevent this but however, another downward move is anticipated during the next Asian session.Right after this Trendline i found out there is a XABCD Reversed Pattern builded (1h). Gold needs to reach $3363 to prevent the drop down back to $3269.