Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol PAXG: Sell recommendation (5/8/2025)

Entry Point: Around 3,409.33 - 3,408.41 USD.Stop Loss: 3,437.87 USD.Target (Take Profit): 3,222.53 USD.Risk/Reward Ratio: Approximately 1:6, which is favorable.📉 Price Action & Trend Analysis:A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal.The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum.Price is now approaching the 200 EMA, which is acting as potential dynamic support.📌 Key Levels Highlighted:Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone).Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone).🔄 Indicators:Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure.Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.target point hit runing pips 1800 dane