Technical analysis by Trend_logic about Symbol PAXG: Sell recommendation (10/6/2025)

The chart displays a rising wedge pattern on Gold Spot (XAU/USD), signaling potential bearish momentum after a sustained uptrend. The price has been forming higher highs and higher lows within converging trendlines, showing weakening buying strength. A recent rejection near the upper boundary suggests that bullish momentum is fading. If the price breaks below the lower wedge line, it may confirm a short-term reversal toward lower support levels. The Ichimoku Cloud below the current structure provides additional confirmation of potential downside pressure. However, as long as the price remains within the wedge, the trend technically stays bullish, but traders should be cautious of an impending breakout to the downside. Entry Zone: Sell 🎯 Target 1 : 3911 🎯 Target 2 : 3897 If you found this analysis helpful, don’t forget to drop a like and comment. Your support keeps quality ideas flowing—let’s grow and win together! 💪📈