Technical analysis by Gold_Digger_King about Symbol PAXG: Sell recommendation (4/28/2024)

https://www.tradingview.com/x/lhyAZSRg/ The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce, Next week will be an important test for gold. This level has become an important pivot point. ​ Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow on the upside and potentially spell trouble for some bulls. Gold price action so far has been described as a healthy correction. The next major support level is expected to be around $2,255 an ounce. Staying above this level would send a signal to the market that the pullback is nothing more than a weak correction in a strong uptrend. While the Fed and Friday's non-farm payrolls report will be next week's two major economic events, there's still a lot of data coming out that will add to volatility next week. ​ Still, the central theme remains the tug-of-war between economic growth and inflation. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!After the Asian market opened, it once hit a low of $2,322, with a drop of as much as $15. It then rebounded around $2,335. It encountered resistance above and has now fallen back to $2,328.