Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Sell recommendation (5/5/2025)

*XAU/USD (Gold vs. US Dollar) sell trade** based on the details you provided:### **Trade Summary** - **Action:** Sell - **Entry Price:** 3256 - **Resistance Level:** 3270 - **Stop Loss (SL):** 3288 (320 pips above entry) - **Take Profit Targets (TP):** - **TP1:** 3204 (-520 pips) - **TP2:** 3130 (-1260 pips) ### **Risk-Reward Ratio (RRR)** - **Risk (SL to Entry):** 320 pips - **Reward (Entry to TP2):** 1260 pips - **RRR:** **1:3.9** (Favorable if TP2 is reached) ### **Key Considerations** 1. **Resistance at 3270** – A bounce from this level could confirm bearish momentum. 2. **Stop Loss Placement (3288)** – Protects against a breakout above resistance. 3. **Targets:** - **TP1 (3204)** – Partial profit-taking level. - **TP2 (3130)** – Larger downtrend target if momentum continues. ### **Trade Management Tips** - Monitor price action near **3270**—if it breaks higher, consider early exit. - Adjust stop loss to **breakeven** if price reaches **3200-3210** (support zone). - Watch for **Fed policy, US Dollar strength, or geopolitical risks** that could impact gold. Would you like additional analysis on technical indicators (RSI, MACD, etc.) to confirm the trade setup?trade active