Technical analysis by Gaspar_Trader about Symbol PAXG: Sell recommendation (2/21/2024)

Hi Everyone, It's been a while - I'm sharing with you my analysis on Gold and what I expect to see taking shape this week. As you can see, I'm bearish on Gold. I expect price to continue the current upward move to take liquidity above the marked area - however, as we approach 2035-2040 area, price will be facing a strong selling level , where bears could take over control of the market and drop the price lower, to fill those Imbalances as well as unmitigated Order Blocks . I'll be taking short positions as the market approaches the upper grey area, in confluence with the bearish trendline. It could be a great trade with a largely favourable risk to reward ratio. Let me know if you have any questions or have different views, I'd love to discuss! Good luck! Gaspar_Trader