Technical analysis by Sphinx_Trading about Symbol PAXG: Sell recommendation (3/17/2024)

- Price closed last week with weak bearish pressure after reaching 2190.0 areas.Daily Timeframe:- Price left behind big imbalances at 2060/2100 before breaking the all time high an closed last week with a bearish pressure after positive news on US dollar, so price may see bearish pullback move to 2100 (first imbalance) at least.4h Timeframe:- As you see on 4h charts price built liquidity below 2150.0 also swept the last minor high at 2170 before week closure and closed with a strong bearish move forming another relative equal low.* Pivot 2148: We predict bearish move to 2100 at least only if price closed below 2148