Technical analysis by Alimecht about Symbol PAXG: Sell recommendation (2/21/2024)
https://sahmeto.com/message/2705867
Alimecht
Rank: 20160
XAU is in broad bear channel and currently it is forming what I believe is a bear flag. Based on price behavior a short entry around 2030-2040 is probable. We need to consider that price pulled back to Trading Range (A 100% pullback) and an upside swing is also probable.
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Signal Type: Sell
Time Frame:
1 hourPrice at Publish Time:
$2,003.96