Technical analysis by masouj about Symbol PAXG: Sell recommendation (9/12/2024)

XAUUSD "🚨 Gold Trade UpdateWe're seeing signs of weakness in the bullish long-term trend line, with the short-term trend line now invalidated. A lower high has formed, accompanied by a bearish engulfing candle, signaling potential downside movement.🔑 Risk Management Tips:Reduce your position size and risk exposure.Never risk more than 1% of your portfolio per trade.Be cautious of false signals and avoid over-leveraging.Stay disciplined, stick to your trading plan, and always prioritize risk management for long-term success!"Stop loss has been hit and we are waiting for the next position and trigger to enter the next trade!Unfair stop due to spread yet have not touched the set stop