Technical analysis by Explorer-k about Symbol PAXG: Sell recommendation (9/18/2024)

Gold rebounds from a high level and forms a top. Don’t chase long easily. Gold rebounds are an opportunity to go short. The four-hour line is an obvious arc top pattern, which means that the upper shadow line is constantly closing, and all the K lines are going down along the moving average, which is an obvious suppression; So the trading strategy is; Short gold at 2570-75, target 2550, stop loss 2580SELLWaiting for descentSL