Technical analysis by Ily14 about Symbol PAXG: Sell recommendation (8/28/2023)

on the monthly; price got rejected three times from the same supply and demand zone indicating a huge supply then we can see from the monthly candle that there is a high supply that pushed prices lower. the weekly; price is making structure LL and LH, now price is retracing to the broken daily s/r zone, the trend is bearish.on the daily ; price retracing to the broken s/r zone and making a new lower high, the trend is fully bearish with the SMA's confirmation as well.on the 4h ; waiting for a price reaction on that d zone, looking for shrinking candles and rejections indicating a loss of momentum, and a confirmation to go look for my entry on the lower timeframes