Technical analysis by pejman_zwin about Symbol PAXG: Sell recommendation (10/17/2025)

When an asset hits an All-Time High(ATH) , technical analysis can get a bit tricky because there’s no historical resistance above and the usual technical rules might have less impact. However, right now it seems like some technical principles are still visible on gold’s chart, at least on the 1-hour timeframe , and I’d like to share that with you. At the moment, Gold has broken below the lower line of its ascending channel, the Support zone($4,320 – $4,279) , and the neckline of a Double Top Pattern . This could indicate the start of a short-term correction. Given how strong gold’s momentum has been in recent weeks, this correction might not last too long since gold remains very attractive globally. From an Elliott Wave perspective , the formation of a double top pattern might signal the end of an impulsive wave and the beginning of a corrective phase . I expect that in the next few hours, Gold could at least drop to the Double Top Pattern’s target around $4,183 . If Gold breaks the Support zone($4,193 – $4,156) , we could see a deeper correction . Second target:$4,143 Stop Loss(SL): $4,385(Worst) Please respect each other's ideas and express them politely if you agree or disagree. Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Trade was activated after the Gold pullbackTarget Done The stop loss was $4,183, with the highest gold price reaching $4,181.44.