Technical analysis by Ahmadtahirdahiru about Symbol PAXG: Sell recommendation (7/29/2023)

Price on the 4HTF has broken a trend line support and back for a retest, Now at the area of retest we can see that it is a key level that has been tested multiple times in the past and the overall trend is seemingly bearish, Some might even look at the overall pattern as a Heads & Shoulders patterns.CONFLUENCE 1: HTF Trend line breakCONFLUENCE 2: Price is below the 4HTF 50 period EMACONFLUENCE 3: Price is at key level of structure that has been tested multiple timesCONFLUENCE 4: Double Top pattern on the overall 4HTFCONFLUENCE 5: Price rejection/bullish exhaustion of the area (WICKS)With this, Given more evidence and confirmation on LTFs, we can anticipate the bears to take control of the market soon.Have a profitable week ahead.Also, your comments will be very much appreciated.