Technical analysis by XAUUSD_MARKETER701 about Symbol PAXG: Sell recommendation (3/6/2024)

XAU/USD Analysis: Current Price: Recent Resistance: 2145/2150 Technical Targets: 2050/2015 Key Points: Rejecting Highs: XAU/USD has notably rejected its highest levels of the past months around 2145/2150, signalling a significant resistance zone. Bearish Momentum: The recent price action indicates a strong bearish trend, supported by the crossing of the EMA200. Forecasted Targets: Based on technical analysis, the anticipated downside targets lie at 2050 initially, with further potential towards 2015.