Technical analysis by Kenn_Nguyen about Symbol PAXG: Sell recommendation (9/18/2025)

Hi everyone, it’s Ken! On the 2H chart, after careful observation, we can see a RISING WEDGE pattern forming. After XAUUSD broke the previous uptrend and completed its correction phase, there's a high likelihood that a new bearish trend will emerge, continuing the short-term downtrend we've seen recently. Ken's target is to push the price below 3,630, aiming for a further low at 3,608 – this level perfectly aligns with Fibonacci 1.618. What about you? Do you think XAUUSD will continue to drop, or is there a chance for a reversal to the upside? Share your thoughts and targets in the comments!Added: The Fibonacci 1.618 level I’m referring to -Learn more about this pattern in this educational article: "Explore the Two Variations of the Rising Wedge Pattern." -