Technical analysis by Ibrahim_z09 about Symbol PAXG: Sell recommendation (7/24/2024)

Gold has broken structure on the 4hr timeframe as well as the bearish momentum it has gained on the daily bringing it back into the ranging zone on daily with a very strong rejection on the weekly timeframe. we can see the right shoulder of a head & shoulders forming on the 4hr and a bearish confirmation signal on the 2hr which shows it is ready for a massive 700 pip drop to 2335 level.trade safe