Technical analysis by linofx1 about Symbol PAXG: Sell recommendation (5 hour ago)

Following a test of significant horizontal resistance, gold presents notable bearish signals, particularly influenced by the psychological level of $3700. Analysis reveals the formation of both a double top and a rising wedge pattern. The price has violated both the horizontal neckline and a trend line, closing below the two key levels. Consequently, a continued bearish reversal towards the targets of 3636 and 3620 is anticipated.