Technical analysis by KeN-WeNzEl about Symbol PAXG: Sell recommendation (5/29/2025)

📉 Multi-Timeframe Breakdown 🔹 H4 Chart (Macro Bias)•Trend Context: Price is still broadly in an uptrend on the H4, but it’s testing the 50 SMA from above.•MACD: Bearish crossover below the signal line suggests waning bullish momentum.•Volume: Slight uptick in bearish volume as price pulls back from the recent highs.•Bias: Neutral to Bearish Short-Term (H4 trend remains up, but weakening).🔹 M15 Chart (Setup Zone)•Structure: A sharp selloff broke both the 20 SMA and 50 SMA.•Momentum: RSI ~16, oversold—but that can persist in strong trends.•Volume: Large spike on the breakdown candle = strong bearish interest.•ATR: 7.97 = elevated volatility.•Bias: Bearish momentum, potential pullback retest opportunity.🔹 M3 Chart (Execution Focus)•Price Action: Freefall with clean rejections at the 20 SMA.•Volume Spike: Bears in control, RSI also confirms momentum exhaustion but no reversal confirmation yet.•Bias: Bearish with potential for bounce/pullback retest entry.⸻✅ Primary Trade SetupType: 🟥 Sell LimitRationale: Let price retrace into resistance before fading it, using structure for confirmation.Entry Zone: 3270–3276 area (prior support becomes resistance near 20 SMA on M15 and 50 SMA on M3).Stop Loss: Above structure high → 3283Take Profit: Next key support zone ~3245–3250 (measured move + demand zone on M15/M3).📌 Sell Limit Order•Sell Limit @ 3273•SL @ 3283 •TP @ 3248 XAUUSDIF TRADE IS NOT ACTIVATED BY 2 HOURS AFTER NY OPENS, CANCEL TRADE MANUALLYTRADE PLAYED OUT JUST AS ANTICIPATED AND PROCEEDED TO RETRACE TOWARDS ENTRY. UNFORTUNITLEY PRICE REJECTED JUST BELOW ENTRY AND PROCEEDED TO HIT TP.THE MOVE HAPPENED BUT DIDNT COME UP HIGH ENOUGH TO TAG US IN