Technical analysis by VisionaryInsights about Symbol PAXG: Sell recommendation (9 hour ago)

Gold has reached an overextended zone near the upper volatility bands after a strong bullish rally. Momentum shows early exhaustion, and price is reacting from a Fibonacci resistance area with rejection candles forming. 🔻 Bearish Confluences Upper Band Rejection — Price touched the top volatility channel, signaling overbought conditions and potential for mean reversion. Fibonacci Resistance Zone — Current rejection occurs around the 0.618 retracement (≈ $4,253), a key reversal level. Candle Weakness — Wicks on recent candles show rejection of higher prices, indicating seller absorption near resistance. 📉 Fibonacci Downside Targets Measured from the latest swing high to the local low: Target 1: 0.382 → $4,166 — first support / partial TP zone. Target 2: 0.618 → $4,098 — major confluence with mid-channel EMA cluster. Target 3: 1.000 → $3,985 — full retracement target and potential bounce area. ⚠️ Invalidation A 4H candle close above $4,255 would invalidate the short-term bearish setup.