Technical analysis by AbdullahTech about Symbol PAXG: Sell recommendation (6/20/2024)

Short XAUUSD Trading Position on 30 min timeframeInitial Take Profit: 2310SL: 2345.67Gold shows a possibility of breaking down an ascending channel, where the price has fluctuated just underneath a 4h structure break. It is expected to break the showed trendline and reach the 1h parallel channel's bottom.Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.I would be grateful to get your feedback on this idea if you have any opinions to share.✽↝✔Esteem your Analysis and seek improvements ⌁AbdullahTech ♾Closed at Entry point