$PAXG
Be aware: the overall trend is downward on higher timeframes. That means this slight rise doesn’t matter to anyone who caught the top with a Short position.
This is like a tug-of-war between whales below and whales above, with you in the middle.
Current price: $4193. Watch this price carefully up to $4200.
If resistance holds and a reversal appears with a confirmation candle, enter a Short to benefit from the decline.
Note: There is a price difference between spot-traded PAXG and the XAU futures contract.
$XAU
Be aware: the overall trend is downward on higher timeframes. That means this slight rise doesn’t matter to anyone who caught the top with a Short position.
This is like a tug-of-war between whales below and whales above, with you in the middle.
Current price: $4193. Watch this price carefully up to $4200.
If resistance holds and a reversal appears with a confirmation candle, enter a Short to benefit from the decline.
Note: There is a price difference between spot-traded PAXG and the XAU futures contract.
$XAU