Technical analysis by ProjectSyndicate about Symbol PAXG: Sell recommendation (7/17/2025)

📊 Gold Technical Outlook Update – H4 & 2H Chart 📰 Latest Summary Headlines •Gold stalls near highs as technical compression signals possible breakdown •Bearish rising wedge on 2-hour chart hints at sharp move lower •Market volatility stays elevated amid global economic risks •Short-term sellers targeting $3,225 if wedge pattern breaks ________________________________________ 🏆 Market Overview •Gold remains in a choppy range, struggling to clear key resistance. •2H Chart: Bearish rising wedge pattern identified, showing compression—expecting a potential breakdown soon. •Overhead resistances: $3,410 / $3,460 USD will likely cap further upside. •Major supports: $3,160 / $3,240 USD. •If support fails, next key bear target is $3,225 USD. •Range trading remains favored for now. •Volatility likely to persist with no major bullish headlines on the horizon. ________________________________________ ⭐️ Recommended Trade Strategy •Bearish Setup (2H): Short sell gold at market on wedge breakdown. oStop loss: Above recent highs (set according to your risk tolerance and latest 2H swing high). oTake profit: Target $3,225 USD. •Continue to focus on selling near resistance, buying near support. •Momentum: Watch for sharp moves as wedge resolves—be nimble! •Always manage risk and adjust stop as price develops. ________________________________________ 💡 Gold Market Highlights •Safe-haven demand still strong due to tariffs, geopolitical tension, and U.S. fiscal concerns. •Central banks & investors remain net buyers, but jewelry demand slides at high prices. •Price action is dominated by institutional flows, with banks forecasting potential for gold above $4,000 next year—but short-term correction likely if wedge breaks. •Current price: ~$3,358 per ounce. Compression suggests a larger move coming soon. ________________________________________ Summary: Gold is at a crossroads, with a bearish wedge pattern building on the 2-hour chart. A breakdown could see a quick move to $3,225. Short sellers should act on confirmation, while bulls will look to reload at key support. Stay tactical!