Technical analysis by PipShiesty about Symbol PAXG: Sell recommendation (11/28/2024)

I am currently holding a short position, using the upward trendline as a dynamic stop-loss. Despite some upward pressure, this trendline has yet to be broken, reinforcing my confidence in this setup. Key observations: The 4-hour resistance level near 2639.655 has been tested twice on the 1-hour chart but failed to close above it, indicating strong selling pressure at this level. The current price action suggests a potential continuation to the downside, aligning with my take-profit target near 2605.310. I will be closing position if a 1 hour candle closes above the trendline