Technical analysis by Trading_Zone_3773 about Symbol PAXG: Sell recommendation (1/16/2024)

As you may know, DXY movement will have a strong impact to GOLD, xxxUSD pair.From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair. For GOLD, price got rejected as resistance + double top pattern got breakout.We should consider to look for SELL entry in smaller time frame: XAUUSD XAUUSD XAUUSDPrice is moving as expected. Supper nice trade