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Technical analysis by NovaFX23 about Symbol PAXG: Sell recommendation (2/6/2025)

https://sahmeto.com/message/3232374
NovaFX23
NovaFX23
Rank: 12028
1.5
Sell،Technical،NovaFX23

Gold has reached a key ascending trend line on the 4-hour chart. After a strong bullish rally, the market seems overbought, and a head and shoulders pattern on the 1-hour chart indicates weakening buyer momentum in the short term. A retracement to 2844 is expected.

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$2,905.19
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