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

This chart presents a bearish trade setup for XAUUSD (Gold vs US Dollar) on the 4-hour timeframe. Here's a breakdown of the trade plan: --- 🟢 Trade Setup Summary: Direction: Short (Sell) Pattern: Potential Bearish Flag/Channel Breakdown --- 📍 Key Levels: Entry Point: 3340.260 Stop Loss: 3372.381 Target: 3281.423 --- 📊 Risk/Reward Overview: Risk: ~32 points (Stop Loss - Entry Point) Reward: ~59 points (Entry Point - Target) R:R Ratio: ~1.8:1 (favorable) --- 🧠 Technical Context: The chart shows a bearish reversal after a strong upward move. The price broke below the rising green channel and retested the breakdown zone around 3340. The setup anticipates continuation of the downward leg toward the previous support zone. --- ⚠️ Considerations: Watch for news events marked (three icons below) which may cause volatility. Entry should ideally occur after bearish confirmation, like a rejection wick or bearish engulfing candle near 3340. --- Let me know if you want a similar analysis on another timeframe or instrument.