Technical analysis by Trader_366_FX about Symbol PAXG: Sell recommendation (8/5/2024)

We've tapped into premium pricing and this gave a reaction for price to move lower. Taking into consideration that overall we're clearly still bullish, price may require to tap into lower prices and seek sellside liquidity before finally moving higher. From a bigger picture, we're definitely in a HTF range and we see this on the Daily, Weekly and Monthly. My bias is that we're setting up for a larger expansion higher over the coming months.