Technical analysis by Investmentsbygraham about Symbol PAXG: Sell recommendation (8/4/2025)

Risk/reward = 2.8 Entry price = 3382.5 Stop loss price = 3390.5 Take profit level 1 (50%) = 3361.7 Take profit level 2 (50%) = 3356 I am considering a short on gold. Still need some variables to fall into place before I enter the trade. There is nice RSI negative divergence showing declining momentum. Further confluence: - Potential head and shoulders on higher time frame - At area of previous diagonal support which could be turned into resistance if the 30min double top plays outSell order got triggered last night while I was sleeping. Also, moving stop loss to break evenBoth take profit levels hit and I have closed my position and banked the cash. All rules followed and it paid off following the system I built.