Technical analysis by TradingBrokersView about Symbol PAXG: Sell recommendation (1/31/2025)

Gold is trading inside a Channel Up for the entire month of January.This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level.Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started.Trading Plan:1. Sell on the current market price.Targets:1. 2775 (on the 0.5 Fibonacci level, like all previous 4 corrections).Tips:1. The RSI (1h) already formed a Bearish Divergence, which confirms the sell signal.Please like, follow and comment!!Notes:Past trading plan: