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Technical analysis by Allen_Ex about Symbol PAXG: Sell recommendation (6/14/2024)

https://sahmeto.com/message/2013193
Allen_Ex
Allen_Ex
Rank: 17800
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Sell،Technical،Allen_Ex

https://www.tradingview.com/x/fXNl9e4I/ Gold found short-term support near 2300 and rebounded again. It is currently around 2330. The large-scale indicators show that the bullish force has not been fully released. There is a high probability that there will be another wave of upward market in the US market today or early next week. The strong resistance will be mainly concentrated around 2352. At that time, the release of bullish force will end and enter the buffer period. If the indicator cannot form a bullish trend again, the gold price will return to below 2300. The next short target will be around 2268. At present, my trading strategy will be mainly short.Already entered the bearish zone

Translated from: English
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Signal Type: Sell
Time Frame:
30 minutes
Price at Publish Time:
$2,319.78
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