Technical analysis by OraclePips about Symbol PAXG: Sell recommendation (7/7/2023)

Hello there, technically, the xauusd is showing a bearish reversal as the price has broken the previous low and is headed for a retest right now. The smt chart pattern that the price has printed on the chart is called a bearish mitigation block. The price is currently below the 50 percent fib level, showing a bearish momentum to the downside.