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

Gold recently broke its previous trendline channel and is now retracing back towards it. We anticipate a subsequent downtrend once the retracement concludes. Our analysis suggests that the price might form a Quasimodo pattern, with a potential consolidation around the 2330-2337 range before declining towards the minimum target level of 2282.