Technical analysis by i_am_noone about Symbol PAXG: Sell recommendation (5/18/2024)
https://sahmeto.com/message/1834057
i_am_noone
Rank: 6414
Analytical Power:
1.6

Hello traders!An interesting idea here. I am looking to short gold mainly because historically May is a bearish month for gold. One thing we can also expect is a potential shooting star first to take out the liquidity above and short term sell orders.. I will be taking this trade from a confirmation entry. However, the setup shown presents a very nice R:R - considering gold is at high curve on HTF...Let's see!Trade safe! Hope you have a great week ahead! :)No confirmation given, therefore did not short of course. We wait for the next trade.. I will step away from Gold for now as there are no clear supply zones to short.We can wait for a shooting star, but price action for me is not enough. Let's wait and see.
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Signal Type: Sell
Time Frame:
10 ساعتPrice at Publish Time:
$2,388.43