Technical analysis by ardatufekci33917 about Symbol PAXG: Sell recommendation (10/29/2024)

Hourly indicators have turned to sell with the decreasing momentum, and there is also a double top that cannot reach its old peak. Apart from this, since we are in the overbought region in weekly and daily, the decline may continue until tp3. In this respect, today's closing is important. If it exceeds its old peak in hourly, it is necessary to think again. Although every development supports gold, an interest rate hike from Japan tomorrow or extremely positive data from the US etc. may be an excuse for this correction. Of course, let me also mention the inconsistency in RSI and MACD. It is not an investment recommendation.