Technical analysis by forex_info about Symbol PAXG: Sell recommendation (5/27/2024)

Gold price has shifted to a bearish trend on the 4-hour timeframe after completing an Elliott Impulse Wave 12345 & ascending trendline breakout and is now following an Elliott Correction ABC. Entry for selling is recommended after the correction reaches 50% to 61% retracement, confirmed by bearish price action signals.