Technical analysis by parisseine about Symbol PAXG: Sell recommendation (5/30/2024)

XAUUSD The FED minutes hawkish tone is currently pushing negatively on the XAU/USD underlying bullish momentum. A renew dig under the 2340 support level is on the way . That wave started by a breakout at 2357 to reach potentially a first negative target at 2331. It's now to early to place a bullish bet as a 2324 second negative target could be reached later today. A clear decisive break above 2343 resistance level can enable further positive upsides.After a brief ping of the 2339.5 resistance price line, price action succeeded to dive beyond our first 2332 target to open the door for achieving our second negative target at 2324Despite a new rebound from my 2321 first negative target to tag the 2336 resistance price line I'm adding a new short entry in a bet to exit in the 2324-2325 price areaWe're going to get to the second negative target. Good job done