Technical analysis by Mission_Money about Symbol PAXG: Sell recommendation (7/21/2025)

This chart displays a bearish trade setup for XAU/USD (Gold) on the 4-hour timeframe using TradingView. Here's a breakdown of the trade idea: --- 📉 Trade Type: Short (Sell) ✅ Entry Point: Around 3,395.245 Price has reached the upper boundary of a rising channel and is projected to reverse downward. ❌ Stop Loss: Around 3,421.941 Placed above the recent high and upper resistance zone to protect against a breakout. 🎯 Target: Around 3,340.245 Lower channel support zone, suggesting a potential pullback within the channel. --- 📊 Technical Setup Details: Multiple ascending channels are drawn, highlighting the recent bullish momentum. Price action suggests overextension near resistance, potentially forming a short-term double top or bearish divergence. The shaded region represents the risk-reward area. The expected move is a rejection at resistance, followed by a pullback toward lower support. --- 📝 Trade Summary: ParameterValue DirectionSell Entry Price3,395.245 Stop Loss3,421.941 Target Price3,340.245 RR Ratio~2:1 approx. --- Would you like a confirmation strategy (e.g., RSI, candlestick pattern) or an updated setup based on the latest price movement?