Technical analysis by sullemanytt about Symbol PAXG: Sell recommendation (1/15/2024)
https://sahmeto.com/message/868013
sullemanytt
Rank: 11939
Analytical Power:
1.4

Gold Journal The 4hour 0.382 level which is the golden zone entry of the 4h at 2045.80 which is the same level as a support line If we break past the 2043.40 level which is the 0.382 golden level entry zone on the 1h fib level then thats enough confluence for sells Take sells to the next perfect exit point which is the 0.5 level on the 1H Fib as TP 1 which is 2038.60 which is also the start of the next support level. If we break the support level tested at 2036.94 then TP 2 will be set at 2032.51 which is the 0.5 level on the 4H chart and the exit level 0.618 on the 1 hour chart With proper hedging and risk management try stretch to TP 3 set at 2030.11
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Signal Type: Sell
Time Frame:
4 hoursPrice at Publish Time:
$2,022.04