Technical analysis by Willzone about Symbol PAXG: Sell recommendation (8/6/2023)

Upon analyzing the 4-hour timeframe, a substantial reaction is evident at the downward trendline. This observation indicates a prevailing fear in the market and a loss of bullish momentum. From my professional viewpoint, it is essential for the USD side to address the gap that remains unfilled before any sustained upward movement can be expected towards the daily trendline.