Technical analysis by ScalpTraderPro about Symbol PAXG: Sell recommendation (5/21/2025)

📌 Technical Overview:The chart displays a well-defined rising wedge pattern that has been forming over an extended bullish move. A rising wedge is considered a bearish reversal pattern, especially when it occurs after a strong upward trend — as is the case here.As the wedge progressed, the price made higher highs and higher lows, but the slope of the highs began to slow relative to the lows, indicating bullish exhaustion.🔻 Breakdown Confirmation:The wedge support line has been broken decisively to the downside, suggesting a shift in momentum from bullish to bearish.This breakdown signals the potential beginning of a downtrend or a corrective phase.The first bearish candle after the break offers a potential short entry confirmation.🛡️ Trade Setup:Entry: Below wedge support (confirmed breakdown candle)Stop Loss: Above recent swing high at 3,350.259 USD (above wedge resistance)Take Profit / Target: Measured move target near 3,262.860 USD, which is based on the height of the wedge projected downward from the breakout pointThis provides a favorable risk-to-reward ratio, especially for short-term traders or scalpers.⚠️ Risk Management Notes:Always use proper position sizing and follow your trading plan.Watch for fakeouts; ensure candle close outside the wedge to confirm the break.Be mindful of macroeconomic events that can impact gold (XAUUSD), such as USD news, Fed statements, or geopolitical developments.📊 Conclusion:This is a textbook rising wedge breakdown offering a clean short opportunity with clearly defined risk and reward levels. The bearish structure suggests that gold may enter a short-term pullback or correction phase.Traders watching XAUUSD should consider this a high-probability bearish setup provided the price action respects the pattern structure and continues to move lower