Technical analysis by NovaFX23 about Symbol PAXG: Sell recommendation (2/11/2025)
https://sahmeto.com/message/3242073
NovaFX23
Rank: 11833
Analytical Power:
1.5
Gold has reached a key daily resistance level at a rising trend line. After a strong bullish rally, the market seems overbought, and the formation of a cup and handle pattern on the 1-hour chart suggests weakening buyer momentum in the near term. I anticipate a pullback to 2880.
Translated from: English
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Signal Type: Sell
Time Frame:
1 hourPrice at Publish Time:
$2,915.76