Technical analysis by PipShiesty about Symbol PAXG: Sell recommendation (10/10/2024)

Entry: Waiting for a 4-hour candle close below 2,616.065 before setting my sell order at 2,618.945 (4-hour resistance).If the 4 hour does not close below 2616.065 this trade is not validSL: 2,621.000 (Above major resistance).TP1: 2,616.065 (First 4-hour support) + SL to BETP2: 2,611.750 (1-hour support).TP3: 2,609.055 (Key 4-hour support).Rationale:I'm looking for confirmation of resistance rejection on the 4-hour timeframe, with a close below 2,616.065. Once confirmed, I will set my sell order slightly higher at 2,618.945 to maximize entry at a strong resistance level. The stop loss is placed above at 2,621.000, and my take profits are aligned with key support levels: 2,616.065, 2,611.750, and 2,609.055.