Technical analysis by Cartela about Symbol PAXG: Sell recommendation (7/22/2025)

Price of gold is about to drop significantly as we just spotted a bearish engulfing candlestick pattern in the H4 timeframe around the $3400 level. Also we can spot a double top pattern in 45M timeframe. All of these signals shows a potential sell opportunity from the current market price. This is likely to be the first significant sell correction after the bullish impulse the market has made since the major breakout occurred around the $2000 level. A sell opportunity is envisaged from the current market price.