Technical analysis by KeN-WeNzEl about Symbol PAXG: Sell recommendation (6/9/2025)

🔍 Technical Breakdown:H1 (Primary Trend Context):•Strong downtrend: clean lower lows and lower highs•Price broke below previous day’s low (yellow line)—now acting as resistance•20 SMA below 50 SMA, both sloping downward•Volume increased during selloff = strong participation•Price currently retracing into prior broken support, now potential supplyM15 (Entry Zone Confluence):•Micro bullish structure pushing into:•Prior M15 demand turned supply•Dynamic resistance (20/50 SMAs)•Thin volume / inefficiency area•Retrace remains within context of a bearish flag/pullbackM3 (Entry Precision):•Price approaching clean M3 supply zone between 3326.0 – 3329.0•Minor FVG and untested supply at 3327.50•Good stop placement just above 3332 (above M3/M15 structure)⸻📌 Trade Setup Details (Revised for 3319 Context)•Sell Limit Entry: 3327.50•Stop Loss: 3333.00 (5.5 pts)•Take Profit: 3302.00•Risk-to-Reward: ~4.63R ⸻🔁 SL to Breakeven CriteriaMove SL to breakeven only after:1.A 15-minute candle fully closes below 3312.00, breaking current bullish microstructure2.Price either:•Bases under 3312 or•Retests 3312–3314 as fresh resistanceThen you can move SL to 3327.50. XAUUSD