Technical analysis by QuinnReed_Charts about Symbol PAXG: Sell recommendation (10/3/2025)

Gold has shown a clear break below its ascending trendline after a strong bullish run, indicating that bullish momentum has weakened and sellers are regaining control. Price has since pulled back to retest the broken trendline, which is now acting as resistance, forming a classic structure for a potential continuation move to the downside. The rejection around the 3860–3865 zone provides an ideal entry for short positions, with stop loss kept above the recent swing high at 3895–3900 to protect against false breakouts. From a technical perspective, the bearish bias remains valid as long as price holds below this resistance zone, and the expected target lies at the previous swing low around 3790–3800. A break below this level could even extend the decline further, but the first take-profit zone should be the prior low for a safer exit. Overall, this setup aligns with the shift in market structure and offers a favorable risk-to-reward ratio.