Technical analysis by SamuelForexTrader about Symbol PAXG: Sell recommendation (2/19/2024)

Rate cut are not close, so that's making the USD strong. ( there is no fear in the market = usualy when we have fear in the market you protect your money in gold/commodities).And we are currently forming a downtrend on the daily and weekly timeframe, but keep in mind that in the long RUN we are bullish ( look Monthly ).We could expect gold to trade in the 1900-2000 range for the next month and in April we could expect All time high again. Good timing with the BITCOIN Halving.This is my personnal entry London session is coming and we could see some manipulation ( Liquidity grab just above 78.6% fibonnaci zone ) Big money will try to take small money trading before down trend of gold I m looking to sell at 2025$ SL at 2032TP 1973Entry Around 2025$My entry triggered when I was sleeping at 2025$ Currently DXY is pushing down. Let"s see of we manage to hold in the next 5 minIf you are looking for a new entry level wait for a break and retest of 2028.5$ Like here:We will see if we manage to get a push after the dinner, but I think we will consolidate between 2022$ and 2030$ until tomorrow FOMC Minutes news;)I just closed the 2025$ trade at 2024$ 10 pips profit.Because this morning I took a trade at 2028.73$ because of that I risk less pips.instead of risk 70 pips, i m risking 25 pips now. Trading is based on risk management (Very important concept). I could run 2 trade, but i dont have too. I got a better entry without risking more money. Goal is not to make more money, the Goal is to protect the money that you already have.Here is a link to proof my last execution :ibb.co/PG6gpdPSo my stop loss has been hit by few pips, very unfortunate but the bias is the same, let's find another Entrylooking to sell around 2028.5 area78.2% fibonnaci retracement on the 4h impulseITS IMPORTANT TO NOT ENTER BLINDLY, you need a entry signal. On gold my entry signal is a head and shoulder on the in a intraday timeframe with a shift of structure and I enter at the retestWe are bearish on the Daily on DXY/USDSO we could expect deeper correction on gold above 2030Safe trading is a mustno entry for nowlook last screen shot and look now you cant only watch gold chart to trade gold ÀVery good reaction on the DXY as plannedBe carefull we could execpt a push higher to 2038 before going down Big money what to fool everyone with bullish Trend, they want to grab more money before going down. I bought at 2021 on the 5 min head and shoulderHere is the proof on my entry :ibb.co/T2yPBNzYou should hit this 2038-2049 zone in the NY session monday. if i m perfectly rightThis is the BIAS from yesterday Unfortunate bias was on point, but i got (stop hunt) on this one. (Breakeven trade) before going to sleep I put everything breakeven to protect my money.I expect the price to go at 2047.5 area Why ? this is the big trend line and also the 78.2% retracement fibonnaci (key lvl)To see my next bias come on my new XAUUSD chart idea