Technical analysis by MALBERT3468 about Symbol PAXG: Sell recommendation (6/30/2025)

Based on your chart labeled "XAUUSD 1 Hour Time Analysis", here's a breakdown of the technical setup and analysis:Chart SummaryInstrument: XAU/USD (Gold vs. US Dollar)Timeframe: 1-HourCurrent Price: ~3,311.140Trend Context: Bearish move followed by a short-term bullish correction.Technical Elements on the Chart1. Bearish Trend:Strong downward trend before a corrective upward move.Price retraced to around the 85% Fibonacci level (0.8529), suggesting a deep retracement but still within the correction zone.2. Bear Flag / Rising Wedge Pattern:The rising channel (shaded blue) typically indicates a bearish continuation pattern.Price is approaching resistance near previous support zones and EMAs.3. Entry Point:Marked around the current price (~3,311) where price is testing the upper resistance of the wedge.The analysis suggests entering a short (sell) trade here.4. Stop Loss Zone:Placed slightly above the wedge (~3,327–3,338), above a possible fake-out zone.This gives room in case of a temporary spike before a drop.5. Final Target:Marked at around 3,259.887, which aligns with a prior support level and completes the measured move of the wedge breakdown.Trade Setup SummaryDirection: Short (Sell)Entry: ~3,311Stop Loss: ~3,327–3,338Take Profit (Target): ~3,259Risk/Reward: Favorable (approx. 1:2.5 to 1:3 ratio)Supporting IndicatorsEMA clusters and downward-sloping moving averages suggest the overall momentum is still bearish.The retracement and potential reversal zone corresponds with dynamic resistance.Sorry guys stop loss hit know ready for next target.