Technical analysis by makhmikhd about Symbol PAXG: Sell recommendation (5/3/2025)

This analysis presents a bearish short-term setup on XAUUSD (15m) based on a clean Zigzag structure:Wave A: Impulsive declineWave B: Contracting triangleWave C: Currently unfolding, with potential targets at 3170–3090A potential short entry is highlighted within the yellow zone, with invalidation clearly defined above 3248.If price accelerates lower after confirmation, the trade offers a favorable R:R setup.If momentum is weak or price breaks above resistance, this count will be invalidated.Alternative Scenarios:This may evolve into Wave 3 of a higher-degree Zigzag,or Wave A of a larger Flat correction if downside persists beyond expectations.Let me know your thoughts — would you take this short, or do you see something else unfolding?