Technical analysis by RalphBenjaminTrading about Symbol PAXG: Sell recommendation (5/9/2024)

Hello all dear traders! Today, gold price touched 2310 USD, continuing to recover in the corrective trend and increased 0.09% during the day. Uncertainty amid rising US bond yields and a strong US dollar kept gold unchanged from yesterday's session. From the 4-hour chart, technically gold is completing a Falling Wedge pattern. In such a scenario, I would expect Gold to target $2300 as its first target and the $2274 - $2250 support zone at least.Trade activeTrade active