Technical analysis by ada7629221 about Symbol PAXG: Sell recommendation (7/16/2025)

Overall Market Analysis ● Market Structure: The chart clearly shows that Gold is in a strong consolidation or ranging phase. It is not trending up or down but is instead oscillating between a well-defined resistance "ceiling" and a support "floor". ● Conclusion for Higher Probability: In a ranging market, the highest probability trades are to sell near resistance or buy near support. Since the current price (~$3339) is in the upper half of the range and closer to major resistance, a bearish (Sell) plan currently presents a more immediate and statistically favorable setup than a buy plan. A buy plan would require waiting for the price to drop significantly. Hypothetical Trade Plan: Bearish Range Trade This plan is based on the expectation that the established resistance level will hold and the price will rotate back down within its range. 1. Thesis / Rationale: The price has repeatedly failed to break and hold above the $3350 - $3375 zone for over a month. This indicates a strong presence of sellers at this level. The strategy is to align with these sellers, anticipating another rotation down towards the support level.