Technical analysis by Mission_Money about Symbol PAXG: Sell recommendation (7/14/2025)

This chart is for XAUUSD (Gold vs US Dollar) on a 4-hour timeframe, provided by OANDA on TradingView, with annotations indicating a potential long (buy) trade setup. Here are the key elements: --- 🔹 Current Price 3,350.835 (as of the chart timestamp) --- 📍 Trade Setup 1. ENTRY POINT Just above 3,350 level The breakout above the horizontal resistance line indicates a potential bullish signal 2. STOP LOSS Around the 3,320 level Placed below a recent support level to manage downside risk 3. TARGET Near the 3,420–3,430 area (highlighted in yellow) This target aligns with a previous resistance zone from late June --- 🔍 Technical Pattern Observed A possible inverse head and shoulders or W-bottom pattern is forming, indicating a potential bullish reversal. The price broke a resistance level (now turned support) around 3,350, making this a valid breakout trade setup. --- 📈 Risk-Reward Ratio (Approximate) Risk: ~30 points (from 3,350 to 3,320) Reward: ~70–80 points (from 3,350 to 3,420–3,430) Risk-Reward Ratio: Around 1:2.5, which is favorable --- Would you like help calculating position size or setting this trade up on a platform?