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Technical analysis by OneSidedFX about Symbol PAXG: Sell recommendation (1/24/2024)

https://sahmeto.com/message/903870
OneSidedFX
OneSidedFX
Rank: 16898
1.5
Sell،Technical،OneSidedFX

On our 4h timeframe we have ourselves a downtrend with a mini resistance that held at 2033 represented by my horizontal trendline, market reacting to this area 3 times and moving away. If 2033 does not hold on the 4h this trade idea will be invalidated. If the trade idea goes according to plan, I want to see 1997 area being met. Patience and risk management is vital. Happy trading :)We have reached 60% of our initial target on this setup before the trade setup being invalidated. Key fundamentals playing a role in the volatility we are seeing. Overall walked away positive with this setup despite the favorable target not being met.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$2,004.72
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