Technical analysis by RamziAbouAbdallah-CMT about Symbol PAXG on 6/27/2023

• Triple top formation putting pressure on the yellow metal prices • Adding to the bearish picture is the break below the ascending trend line that has been in effect since November 2022 • Bears are in control and target the 1900 support level which if broken exposes the next major level of 1800 • This decline can also be interpreted as a correction of the latest 1800-2070 rally as we are still trading above the 61.8% level at 1900