Technical analysis by mahmoudmahdi24 about Symbol PAXG: Sell recommendation (10/28/2024)

We're hitting a resistance on the 30min timeframe.If it's broken, i'll close the trade and enter on the second resistance zone i drew.Bollinger bands on the 30 min timeframe, and RSI/MA cross on the 5 min timeframe (above 70) is telling me that it might be time for a small scalp (short).Reminder: I don't take too much risk here, I enter with small lot size. I am aware that this resistance zone is a 50/50 chance, and not as strong as the next resistance, so I entered with less lots than the previous long trade we won (so if we lose this one, we'll still end the day profitable ! Risk management is key in trading !Kept the first sell open, and scalped a few times on the second resistance zone.