Technical analysis by AnalytixEdgeByQasim about Symbol PAXG: Sell recommendation (7/13/2024)

GOLD is currently at a critical juncture, marked by multiple confluences. The price is within the Potential Reversal Zone (PRZ) of a bearish bat pattern and is facing a key resistance level, which could potentially lead to the formation of a head and shoulders pattern. Additionally, the presence of bearish divergence signals potential downward pressure. A break below the previous higher low would likely confirm bearish dominance, suggesting a potential decline in price.price touched PRZ of crab pattern.