Technical analysis by Dollarman9272 about Symbol PAXG: Sell recommendation (7/14/2024)

📉 XAU/USD Forecast & Levels: H1 Time Frame Analysis 📉 Traders, let's take a closer look at the current setup for XAU/USD on the H1 time frame: Pattern Formation: XAU/USD has formed a double top pattern, indicating potential reversal. Current Trend: Despite a continuous upward trend, XAU/USD is now showing signs of moving into the sell zone. Sell Zone: Identified at 2310. Resistance Zone: Marked at 2318. Technical Targets: Projected targets are 2400 and 2385.