Technical analysis by LilyJones01 about Symbol PAXG: Sell recommendation (5/16/2025)

The chart you've provided is a Gold (XAU/USD) 15-minute candlestick chart that illustrates a short trading setup. Here's a breakdown of the components:Entry Line (Green): Around 3,175.551, where the short trade is intended to be entered.Stop Loss Line (Red): Set at 3,195.906, to limit losses if the price moves against the trade.Take Profit Line (Blue): Set at 3,140.093, where the position would be closed for a profit if the market moves in the trade's favor.The price action is currently forming a bearish flag or channel (highlighted in blue), which typically suggests a continuation of the downtrend.Strategy Insight:Bearish Bias: The downtrend prior to the channel and the breakout setup indicate the trader expects a further decline.Risk-Reward Ratio:Risk (Stop Loss - Entry): 3,195.906 - 3,175.551 = 20.355Reward (Entry - Take Profit): 3,175.551 - 3,140.093 = 35.458Reward-to-Risk Ratio: ~1.74, which is favorable.Let me know if you’d like help calculating position size, adjusting this setup, or automating it in a script.