Technical analysis by mehdi3663digital about Symbol PAXG: Sell recommendation (9/1/2024)

In the weekly time, gold was rising in a rising 5-wave, and the Elliott targets of this 5-wave based on Fibonacci patterns are at $2605 and $2670.In the chart, due to the divergence in oscillators and neutral candles in the last two weeks, there is a possibility of buyers retreating.....I checked that in the last 6 years, with the beginning of September, gold enters the correction and suffering phase... Probably the same thing will happen this year....In times lower than weekly, there is still an upward buying and suffering trend, and after changing the structure, you can enter sell positions in the resistances.