Technical analysis by koolmus about Symbol PAXG: Sell recommendation (1/3/2024)

Normally I would say in a head and shoulders pattern that it might be worth waiting for a liquidity trap in the right shoulder area and then shorting, but it seems that in gold the right shoulder is usually lower and it starts to move.The solid trend lines - the outer limits of the daily price movement.The dashed trend lines - internal trend lines that all center to strong resistance in the "head" area.If it repeats its action patterns - I expect a strong and stable movement to the 2044 area, and even below that, but the main thing is to *catch the strong initial movement* (if it happens).short at 2059Thank God .. that was fast..