Technical analysis by AnalytixEdgeByQasim about Symbol PAXG: Sell recommendation (4/27/2024)

Gold has retraced from its max value of 2431.590. Currently it is at key trendline level on daily. But we see no signs of bearish trend slowing down. Hence, price may fall further. Bearish continuation pattern has been formed and on break of its pole end, price will continue bearish, which gives us a good opportunity to sell.Trade activeComment: I am still in the trade but trade has gone sideways. Lets see if it can break down further. There some big support of daily 50MA as well.Comment: bullish divergence has formed. let see if price remain sideways or goes up?Trade closed: stop reached