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Technical analysis by Zenoh about Symbol PAXG: Sell recommendation (5/26/2023)

https://sahmeto.com/message/2720123
Zenoh
Zenoh
Rank: 13310
1.4
Sell،Technical،Zenoh

HELLO TRADERSBefore we talk about XAUUSD lets first take a look at the dollar index DXYDXY has been bullish recently, broke above resistance and currently correcting to retest itwhere we expect a continuation higher on the retest, the bullishness of DXYindicates bearish XAUUSD(DXY chart below)Now back to XAUUSD, XAUUSD has been bullish for weeks and currently managed to break below a strong resistance @ 1950 and retesting it we expect a continuation lower on the retest targeting the next resistance @ 1920BREAK ABLOVE 1960 WILL INVALIDATE THIS IDEA GOOD LUCKIF YOU FIND THIS IDEA VALUABLE SUPPORT IT WITH LIKES

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$1,967.59
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