Technical analysis by michaeltau2230 about Symbol PAXG: Sell recommendation (12/8/2024)

Looking at the chart, it seems you're analyzing XAU/USD (gold) on the 15-minute timeframe. It appears you're anticipating a possible breakout from the current consolidation pattern (a flag or wedge). Your marked projection suggests:1. A minor bullish move towards the resistance zone near 2655-2668, followed by a reversal.2. A bearish breakdown targeting the 2612-2611 support zone.This strategy could indicate you're waiting for confirmation of the breakout direction before entering a trade. Let me know if you want insights on refining your approach or technical details.