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

After gold created a shift in market structure on the HTF, it has given us multiple BOS to the sell side. On the 4H, the first BOS left an unmitigated Sponsored Candle (SC) which is still a possible area for price retracement. Currently, the NFP gave us a new BOS while still respecting the existing 4H Demand Zone which is countering the trend. A break of the demand area from 2311, will push price further down as well as, it current bullish reaction can push price higher into premium to mitigate the existing 4H supply SC at 2373. STAY SAFE and Use Proper Risk Management and Trade Management. ⚠️ MANAGE YOUR RISK PROPERLY⚠️