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Technical analysis by SuperMonkey0 about Symbol PAXG: Sell recommendation (9/12/2021)

https://sahmeto.com/message/2699814
SuperMonkey0
SuperMonkey0
Rank: 11877
1.5
Sell،Technical،SuperMonkey0

GOLDShort SetupContinuation trade: [GOLD W2 SEPT 2021]👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level.1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.Weekly Update GOLD👉🏻 Broke below and is sitting at the 61.8% as marked. I am still bullish on gold as I doubt it will test those yearly lows of $1690 again.

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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$1,816.48
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