Technical analysis by Dhareja about Symbol PAXG: Sell recommendation (4/3/2024)

Gold's retracement to 50 or 61% is necessary for a well-executed impulsive move. Without going through a corrective phase, gold is only traveling in one direction. Each time the price has reached an Ath, and each time the pair has manipulated close to the Ath. This represents the final vertical resistance of the ascending channel of the upper period. This may reverse and lead to the final support region during high Fundamental data. Before trading, verify appropriate price activity; this is merely a suggestion, not a signal.