Technical analysis by Sthesh_Don_Billiato about Symbol PAXG: Sell recommendation (5/25/2025)

Short term Gold / Xau Sell* A bearish wedge/pennant pattern.* BOS (Break of Structure) noted.* Price approaching a strong resistance zone (\~\$3,438).* Two key take-profit zones marked: * TP1: \~\$3,167 * TP2: \~\$2,839The blue projection suggests a short (sell) bias from the resistance zone Direction: SELLYes, based on the wedge, Fibonacci zones, and price action, the bias is bearish. Price is tapping into a strong supply/resistance area, so a sell setup makes sense, especially after the BOS and premium price.Entry Zone (Sell Area):* Sell Entry Range: \$3,370 - \$3,438 * Around the 0.71 - 0.79 Fibonacci retracement and under the supply zone. * Ideal area is between \$3,372 to \$3,438 (your marked red zone).Stop Loss (SL):* SL above supply zone high: \$3,510 - \$3,520 * Above strong high; gives room in case of liquidity sweep.Re-entries:* If price pulls back after TP1: * Re-entry zone**: **\$3,250 - \$3,280 * Around 0.382 Fib level + structure retest.Take Profit (TP) Zones:* TP1: \$3,167 - \$3,120 * Strong support, aligns with your "Weak Low" + confluence with structure. Risk\:Reward \~1:3TP2: \$2,839 - \$2,835 * Deep support + Fibonacci extension zone (1:8 RR). * High reward but only if bearish momentum continues strongly.Final Notes & Corrections:* Your TP zones are logically placed.* Entry zone is strong and aligns with resistance + Fib.* Consider watching for: * Bearish engulfing or reversal candlestick patterns in entry zone. * Confirmation with momentum indicators (e.g., RSI divergence).