Technical analysis by DECRYPTERS about Symbol PAXG: Sell recommendation (5/1/2024)

Welcome to DECRYPTERS ! NOTE:- PLEASE READ FULL DESCRIPTION BEFORE CONCLUDING ANY THING UPON ANALYZING GOLD OVER ALL TRENDI IS BULLISH DUE TO SEVERAL FACTORS 1 - GEO POLITICAL SITUATION 2- BANKS DEMANDS FOR GOLD3- INFLATION ISSUES IN US 4- JAPAN CURRENCY DEVALUING ISSUE 5 BRICS 6 -INFALTONUN CERTANITY SMART MONEY HATES UNCENRTANITY , SO THEY ARE BUYING ALOT OF ITOVER ALL GOLD IS BULLSIH IN YEARLY / MONTHLY /WEEKLY CHARTS ( FOR NOW)FOR Now gold is moving in 4 H desecnding channel once it Reaches 2215 - 2225 Area we may see rejection from there . in case if its Flip the Area we may see possible up side Even new All time highs too The down side area 2225 - 2240 we have yearly V WAP Area there as well The projected path of that is shown in chart EvenAlot of confluences at that area as POI for trade Thanks for reading the post and be with us till Now , Plz Press Like button if you like the post"REGARDS DECRYPTERS"