Technical analysis by AVCDTrader about Symbol PAXG on 4/6/2024

XAUUSD From the HTF chart, there is multiple imbalances created and left behind the market. In order for market to be efficient, a retracement is bound to happen. Also, from the HTF analysis, market has fulfilled the 1.618 Fibonacci extension level. To top things off, 4H chart has shown a bearish divergent. However, as of now, market still remains to be bullish, please manage your funds well and wait for a bearish confirmation before entering short positions.Market is still making new highs everyday. Be cautious. I will be posting a new post later! Stay tune!