Technical analysis by forex_info about Symbol PAXG: Sell recommendation (7/18/2024)

The gold price appears to be moving to the bearish side as a bearish three-method formation has been identified on the 4-hour timeframe. This pattern, characterized by a long bearish candle followed by three smaller bullish candles and another long bearish candle, indicates a continuation of the downtrend. Traders might consider this as a signal for potential further decline in gold prices.