Technical analysis by usufgul about Symbol PAXG: Sell recommendation (1/9/2024)

The start of October was the start of bullish rally in the Gold. But if we look at monthly charts the RSI has posted a bearish divergence which indicates the exhaustion of the bulls. This is also evident on the daily bars from 4th December 2023 onwards. This is further elaborated by the "Change of Character Line".Keeping in mind this a short sell plan has been prepared. Cautious trader can initiate their short positions when the price cross bellow the 2nd sell bellow this line mark.