Technical analysis by MALBERT3468 about Symbol PAXG: Sell recommendation (7/1/2025)

May be consolidation Price bearish in down Price is flly from yesterday but now Price bearish at 3,300. because today is best news who break the market 🔍 Chart Analysis Breakdown:A rising wedge is marked on the chart, which is typically a bearish reversal pattern, especially after a strong rally.Price is nearing the top of the wedge, suggesting a potential breakdown. Support Area: Around $3,260 – previously respected demand zone.Resistance Zone: Near $3,350 – price previously rejected here. Supply Point & Bull Wedge (Left side): Indicates historical sell pressure and overbought zone.Entry: Around $3,350 (current price level). - Stop Loss: Above $3,370 – slightly outside wedge and resistance to protect from false breakouts. - Target: Around $3,300 to $3,295 – near the previous structure and wedge base (support).📉 Trade Idea (Short Bias):Bias: Bearish (Short Setup)Rationale: Rising wedge + near resistance + strong previous supply zone = high potential for reversal. Confirmation: Wait for bearish candlestick pattern (like engulfing or shooting star) near the upper boundary of the wedge before entering.Congratullation guys . our half target has been reached around 150+PIPS in profit .now breakeven the trades and get ready for next setup.