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

The chart you’ve shared is for CFDs on Gold (XAU/USD) on a 30-minute timeframe. Here's a breakdown of what it shows:Key Observations:1. Support and Resistance Zones:Support Zone: Around the 3,273.506 level, marked by the lower yellow box.Resistance Zone: Around the 3,313.665 level, marked by the upper yellow box.2. Price Action:There was a significant dip followed by a bullish reversal from the support zone.A zigzag pattern (possibly an Elliott wave or price structure) indicates a bullish outlook.3. Trade Setup:Entry Point: Around 3,292.270 (current price).Take Profit (TP): Near 3,313.665 (resistance zone).Stop Loss (SL): Around 3,273.506 (support zone).4. Risk-Reward:This setup offers a favorable Risk-to-Reward Ratio, suggesting a long (buy) position with a defined stop and target.Conclusion:This chart suggests a bullish trade idea based on price bouncing off the support and targeting the resistance. The highlighted zones provide clear invalidation and profit-taking levels. If you're considering entering, monitor for confirmation like strong bullish candlesticks or volume spikes near the support area.Let me know if you’d like a deeper analysis or want to explore alternative scenarios (e.g., bearish reversal or range continuation).