Technical analysis by NasirCrypto about Symbol PAXG: Sell recommendation (2/15/2023)
https://sahmeto.com/message/2624460
NasirCrypto
Rank: 9687
Analytical Power:
1.5

We have 2 important breakdowns on daily chart.#1 Bearish flag breakdown, Technical target of that is $1774.74#2 Ascending trend line break down, Technical target of that is $1795.92Price is trying to breakdown from golden ratio level 0.618 which IF breaks down then most likely are going sub $1800 levels.GOLD seems very bearish for mid-term because on daily structure is changing from higher highs/higher lows to lower highs and lower lows which suggests that gold trend is shifting from bullish to bearish.Please like and comment if you agree.
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Signal Type: Sell
Time Frame:
1 dayPrice at Publish Time:
$1,826.49