Technical analysis by AutoMarkets about Symbol PAXG: Sell recommendation (7/3/2025)

Gold is coiling tightly within a symmetrical triangle on the 5-minute chart, pressing against key support around 3,352. Price action is compressing between a rising trendline and descending resistance — indicating an imminent breakout.⸻📍 Key Levels:•Support: 3,352-3,350 zone – defending so far.•Resistance: 3,360-3,366 area – repeated rejection above.⸻🔎 What I’m Watching:✅ Break below the rising trendline could trigger a quick drop toward 3,340 and possibly 3,333.✅ Break above the descending trendline may fuel a rally back toward 3,366-3,370.🕒 Timing matters: volume is building as price nears the apex — be ready for a spike in volatility.⸻📌 Plan:•Wait for a clear 5M candle close outside the triangle for confirmation.•Set alerts at 3,349 and 3,362 to catch the breakout early.•Manage risk tightly – false breakouts are common in squeeze patterns.⸻💬 How are you trading this setup? Drop your thoughts below ⬇️ and let’s discuss!