Technical analysis by bruno_iksil about Symbol PAXG: Sell recommendation (5/27/2024)

In the minutes released by the FED last week, it was indicated that interest rates need to remain high for a while longer. The absence of new macroeconomic events and the issue of interest rates staying at these levels for a while caused gold to experience its most losing week of 2024 (Weekly -3.35%). A rising flag is a continuation pattern, and a short trade can be opened again before it rises back up to around 2405. Resistance: 2355 2370 2405 Support: 2325 2300 2270