Technical analysis by ScalpTraderPro about Symbol PAXG: Sell recommendation (5/27/2025)

📉 Technical Pattern: Rising Wedge (Bearish Reversal)The chart illustrates a Rising Wedge formation that has developed over the past several sessions. This pattern is typically a bearish reversal signal, especially when it appears after an extended uptrend.In this case:The wedge was clearly broken to the downside, signaling a potential shift in momentum from bullish to bearish.A retest of the wedge’s lower boundary or nearby resistance has occurred (or is anticipated), offering a possible entry point for short positions.💼 Trade Setup:Entry Zone: Near the retest of the wedge breakdown (~$3,295–$3,310)Stop Loss: Above the recent swing high / top of wedge (~$3,366)Take Profit Target: $3,191.275 (based on prior horizontal support and technical projection)📊 Price Action & Confirmation:Price has already started forming lower highs and lower lows post-breakout.The downside momentum is building, and the rejection near the wedge resistance supports the bearish continuation idea.Potential short-term consolidation or pullback may occur before the move continues downward.🎯 Target Justification:The target aligns with:Previous structure support (visible consolidation zone)Potential measured move projection from the wedge heightPsychological round-number zone near $3,190🛑 Risk Management:Always follow strict risk management principles. The Risk-Reward Ratio here appears favorable (>2:1), depending on entry precision.🔍 Summary:This setup presents a high-probability short opportunity on XAU/USD following a Rising Wedge breakdown. Bearish bias remains valid below the $3,330–$3,366 zone. Traders should monitor for any bullish invalidation signals or unexpected fundamental catalysts (e.g., U.S. economic news, Fed comments)