Technical analysis by connoralexanderfx about Symbol PAXG: Sell recommendation (11/27/2024)

We have received today's news, and I want to share my thoughts on gold at the moment. I am looking for the price to retrace into a 5-minute Fair Value Gap (FVG) and then produce a bearish momentum candle, which would allow me to enter a short position. However, if the price continues to move downward, I am anticipating a liquidity grab to get involved. If the price does not do either of these things, I likely won’t trade for the rest of the day.