Technical analysis by Tempo_Trades about Symbol PAXG: Sell recommendation (5/1/2025)

GOLD has been trending downwards after weeks of bullish price action. Price has formed bearish AB=CD and bearish rectangle patterns. These are both bearish continuation patterns, which indicate potential downward pressure on price. Bullish divergence has formed on 1 hr chart and if price breaks the lower high, we can expect bullish momentum in the short term!