Technical analysis by issagalore about Symbol PAXG on 1/18/2024

Gold turn to respect a red path I previosly published on the 3rd of Jan 2024, We have broken the blue trend line and respecting the green one which gives us a clear signal to go short/sell. Broken trend must be tested it is therefor when we can have a smooth bearish momentum, this short position is highly supported by HEAD & SHOULDER setup being currently formed. Moving forward with short position we have unclear movement on 1864.62 level which should be traced back to be filled thats when we can have a complete HEAD & SHOULDER pattern.