Technical analysis by masouj about Symbol PAXG: Sell recommendation (8/13/2025)
"Gold Rejected at 1H High – Clean Short into Double Targets"
"Patience Rewarded: XAUUSD Short from 1H Previous High" Gold has been in a choppy range today, but the price kept knocking at the 1H previous high without real momentum to break. On the 5M chart, I spotted exhaustion right at 3,366.48, with multiple wicks rejecting the same level. I waited for confirmation and entered short after price broke structure to the downside, with an entry at 3,362.91. My first target (RR1) was quickly reached, but the real move came as price slid further into RR2. Breakdown: Instrument: XAUUSD Entry: 3,362.91 (after rejection at 1H previous high) Targets: RR1, RR2 Reason: Multiple rejections at resistance + bearish structure shift on 5M Result: Both targets hit. 📌 Key lesson: Waiting for price action confirmation at higher-timeframe levels often keeps you on the right side of the trade — no need to chase. 💬 I share my live setups and trade breakdowns daily. 📲 Join my free Telegram channel for real-time updates: [Your link here]t.me/GOLDMASTERALERTS