Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Sell recommendation (6/24/2025)

here's a technical breakdown and estimated target price for XAU/USD (Gold Spot vs USD):---Chart Analysis Summary:Timeframe: 1-hour chartPattern: Descending triangle (bearish formation)Breakout: Price has clearly broken below the lower trendline of the triangle.Current Price: Around $3,312Target Point Marked: Visually on the chart around $3,260---Target Calculation (Using Triangle Height Method):1. Approximate Height of Triangle:Top: ~$3,420Bottom: ~$3,360Height: ~$602. Breakout Point: Around ~$3,320Target = Breakout point - HeightTarget ≈ $3,320 - $60 = $3,260---✅ Final Target Estimate: $3,260This aligns with the green arrow and "TARGET POINT" you’ve already marked on the chart.Would you like me to provide stop-loss ideas or confirmation indicators (like RSI, volume, or candlestick confirmation) for better trade setup confidence?active trade