Technical analysis by adnandn about Symbol PAXG: Sell recommendation (1/4/2024)

Gold is currently trading in a clear downtrend, and it's heading towards an imbalance area during its last impulsive move. There are lots of confluence at the current area that I marked, a rising wedge, an imbalance, as well as the fibonacci levels marked a possible downtrend after the retracement. Also on the chart I have marked possible entries and exit levels that might be of interest to you all. This is my point of view, if you agree, please do trade on your risk and at your own discretion, and always do your own research before entering trades. Good day and have a nice day mates!