Technical analysis by Mr_Zakrii about Symbol PAXG: Sell recommendation (5/29/2025)

The chart you've shared is a 30-minute candlestick chart of CFDs on Gold (US$/OZ), with key elements marked for a potential trade setup. Here's a breakdown of the key points:Chart Analysis:1. Highlighted Zones (Yellow Boxes):Bottom Yellow Zone (~3,270): Likely a demand/support zone. Price previously reversed upward from here.Top Yellow Zone (~3,300): Likely a supply/resistance zone. This is the potential target area.2. Blue Arrows:The initial downward arrow shows a strong bearish move.The subsequent upward arrow represents a bullish recovery, suggesting a potential long trade setup.3. Trade Setup:Entry: Around 3,284 (current price level).Take Profit (TP): 3,300.325 — aligned with the top yellow resistance zone.Stop Loss (SL): Just below the lower yellow zone (~3,273.597).4. Risk-Reward Ratio:The trade appears to have a favorable risk-reward ratio of roughly 2:1 or better, given the size of the green (profit) vs. red (loss) zones.5. Volume: Somewhat elevated during the reversal and buildup phases, indicating decent participation on the bullish side.---Possible Trade Interpretation:This looks like a bullish continuation/reversal setup, possibly based on a demand zone bounce with a target near previous resistance. The trader may be betting on continued bullish momentum.Would you like a more detailed technical analysis or help calculating exact RR, pip difference, or backtesting the strategy?