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

Preferred direction: SELL Comment: There are no changes for gold , as for metals in general. A downward movement is also expected in silver , which we wrote about earlier. At the moment, the deal is going more, of course, within the framework of scenario №2 , but we remember that this deal was considered in combination with scenarios №1 and №2 , therefore, in general, the short is activated and an approach to support is expected at the level of 2300 with the potential for a fall to 2250 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!