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Technical analysis by Lady_scalper about Symbol PAXG: Sell recommendation (11/18/2024)

https://sahmeto.com/message/2979588
Lady_scalper
Lady_scalper
Rank: 12166
1.5
Sell،Technical،Lady_scalper

hello again im here with new analysis.the price moved according my last forecast and made +250 pips profit it was a fast profit congratulation .lets start new analysis gold is still in a downtrend the price is below 2625 resistance and below ma200 after a corrective movement gold will fall againGold is bearish.The overall trend on the H4 chart is still bearish, and the price remains below the 2586.20 resistance. Additionally, the rejection from the 38.2 Fibonacci level suggests a higher probability of continuing the drop toward 2538.57.

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$2,584.49
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