Technical analysis by Losarinz about Symbol PAXG: Sell recommendation (5/30/2025)

This chart appears to be a technical analysis setup for **Gold (XAU/USD)** on the **15-minute timeframe**, using **Heikin Ashi candles**.Here's a breakdown of what’s visible:### **1. Price Action:*** The chart is trading within a **descending channel** (highlighted by the dotted white trendlines).* **Resistance levels** are marked at: * 3366.015 * 3331.470* **Support zone** around: 3245.560* The price is currently around **3291.690**, testing the lower region of a recent consolidation zone or distribution area.### **2. Indicators:**#### a. **RSI (Middle Panel):*** RSI is around **41.552**, suggesting mild bearish momentum but not yet oversold.* RSI is not giving a strong divergence signal at this moment.#### b. **MACD or Custom Oscillator (Bottom Panel):*** Appears to be a custom oscillator with histogram + signal cross system.* Red and green dots possibly indicate buy/sell signals.* Currently showing **bearish pressure** as histogram and signal lines are below zero with red dots (sell signal confirmation).### **3. Trade Setup:*** The red and green box overlay suggests an **active short trade** setup: * Entry near **3291.690** * Stop-loss zone near **3331–3335** * Take-profit zone extending well below **3245**, likely near **3188.498–3189.980**### **4. Signal Arrows (Blue Up / Red Down):*** These are likely part of an indicator marking **swing highs/lows or reversal points**.* More red arrows recently suggest bearish short-term sentiment.---### 🧠 **Interpretation:*** The chart shows a **bearish bias** with a short position in play.* Price is within a downward channel and rejected the resistance area.* Oscillators and RSI support further downside unless a strong reversal occurs.