Technical analysis by parviz1953 about Symbol PAXG: Sell recommendation (8/25/2024)

There are 3 reason that i believe we will have a drop in price and a correction:1- Price has touched the upper bound of the ascending channel .2 -There is a good engulfing candle at that point .3 - Completion of the ABCD pattern and D point happened there .As i predicted the price moved down after a retest of resistance , now my first TP is around 2475, which is around 38.2 fibo of CD line , which is located at a support zone too.Lets wait and see if it can also reach my 2nd TP around 2445.