Technical analysis by forex_info about Symbol PAXG: Sell recommendation (6/10/2024)

Gold price is likely to move to the downside on the 4-hour timeframe due to a breakout below the ascending trendline and completion of the Elliott Wave 3. Currently, a minor upward retracement to the 50% level suggests Wave 4 is completing. Once this retracement concludes, the price is expected to resume its bearish trend.