Technical analysis by royschen07 about Symbol PAXG: Sell recommendation (6/25/2024)

Price Action TradingH4 Bias is Bearish. USD is strengthening with interest rate staying at 5.5%The price break through H4 horizontal level which supposed to react as support level. After closing below the broken support, the price formed a bearish flag pattern.In H1 price broken and close below the flag support trendline. Price is expected to go lower from there.Enter into M15 TF to look for entry level. Set a short trade at M15 Resistance level confluence close to H4 horizontal level & H1 broken flag trendline. SL above the swing high of the flag and TP R:R 1:6 at the H4 support level.