Technical analysis by XAUUSD_MASTER003 about Symbol PAXG: Sell recommendation (5/7/2025)

---1. Chart Type & TimeframeInstrument: CFDs on Gold (XAUUSD)Timeframe: 30-minute candlesEach candlestick represents 30 minutes of price action.---2. Trend ChannelThe two diagonal lines forming a rising channel indicate a previous uptrend.Price respected this channel until it broke down below the lower boundary.---3. Recent Price ActionGold recently rejected the upper boundary of the channel near the 3,403–3,404 level.A sharp price drop followed, breaking below the lower trendline, indicating potential trend reversal or correction.---4. Trade SetupThis chart shows an active short (sell) trade setup:Entry: Around 3,387Stop Loss: Around 3,403 (marked in red)Take Profit: Around 3,329 (marked in green)Risk/Reward: Selling with expectation of further decline---5. Indicators & AnnotationsRed shaded box: Stop loss zone (risk area)Green shaded box: Target zone (reward area)Horizontal lines: Entry, stop loss, and take profit levelsOrange circle: A potential key resistance/reversal point---