Technical analysis by MA3Trader about Symbol PAXG: Sell recommendation (5/2/2024)

Gold has broken the previous trendline channel (blue channel) and is now retracing back to the trendline channel. We expect the price to go down after the retracement is complete. But where will the price stop and start to reverse? We think that the pattern will form a Quasimodo pattern, where the price will hover around 2330-2337 before dropping to the minimum target level of 2282. The stop loss is at 2342. Good Luck!This idea is still active. But unfortunately, our entry price is still not trigger.Our entry price triggered.Hit Stop Limit. Sorry guys. The price did not reach our target.