Technical analysis by LilyJones01 about Symbol PAXG: Sell recommendation (5/13/2025)

This chart illustrates a potential short (sell) trade setup for XAU/USD (Gold vs US Dollar) on the 15-minute timeframe. Here's a breakdown of the key elements shown:Entry Level (Green Line): Around 3,248.000 — the suggested level to enter the short trade.Stop Loss (Red Line): Just above 3,260.000 — protecting against losses if the price moves up instead.Take Profit (Blue Line): Just above 3,220.000 — the target for profit if the price drops.Blue Arrow: Indicates the expected bearish move (price drop) following a bearish breakout.This appears to be a bearish breakout trade strategy, possibly based on price action and recent resistance behavior near the entry level.Let me know if you’d like help calculating the risk/reward ratio, adjusting levels, or backtesting this setup.Trade active