Technical analysis by TRADE_CENTER_1 about Symbol PAXG: Sell recommendation (5/6/2025)
TRADE_CENTER_1

Gold (XAUUSD) is currently testing a resistance zone around the 3381 level. The chart highlights a potential sell zone within this resistance area, suggesting a bearish reversal may occur if confirmed by price action. The strategy advises waiting for bearish confirmation before entering a sell trade. If rejection is confirmed, the price could target the 1st sell target at 3329, followed by a deeper move toward the 2nd sell target at 3282. The Ichimoku cloud and volume suggest a possible shift in momentum, supporting the bearish setup if price fails to break above resistance.Here’s a refined take-profit plan based on the chart structure:Entry Zone: Around 3380–3385 (resistance zone, wait for bearish confirmation)TP1: 3329 — near the first support and prior consolidationTP2: 3300 — just above a minor support levelTP3: 3282 — aligns with the second key support level