Technical analysis by Mr_TraderLive about Symbol PAXG: Sell recommendation (5/15/2025)

On the 4-hour timeframe, Gold (XAU/USD) is forming a clear Triple Top pattern (Top 1, Top 2, and Top 3). This pattern is typically a bearish reversal signal, indicating weakening bullish momentum.The price has tested the same resistance level three times and failed to break higher, suggesting strong selling pressure and a possible downward move.Entry Level: Around 3,239Stop Loss: 3,310Target: 2,935 (Strong Support Zone)This setup offers a favorable risk-to-reward ratio. If the price breaks down below the neckline and confirms rejection from the recent top, it could present a strong shorting opportunity.