Technical analysis by melikatrader94 about Symbol PAXG: Sell recommendation (5/17/2025)

Hello guys!Gold is currently respecting a bearish descending channel, forming clean lower highs and lows. After tapping into the supply zone around 3,285–3,295, the price is showing signs of exhaustion.Now, a potential rejection from this zone could trigger another leg down targeting the demand zone around 3,060–3,080.🧠 What I see:🔹 Bearish channel = trending lower🔹 Clean retest of supply block🔹 Price respecting midline resistance🔹 Momentum favors sellers🎯 Bearish Trade Idea (Not financial advice):Entry zone: 3,240–3,260 (on confirmation candle)TP1: 3,110TP2: 3,072 (demand zone)📐 Risk/Reward: 1:2+ potential💡 Watch for confirmation candlesticks near the supply zone for safer entries.