Technical analysis by SeraphimFX about Symbol PAXG: Sell recommendation (6/16/2024)

Gold (XAUUSD) outlook for the Week 17/6/24- 21/6/24 HTF: After price created ATH at $2450, we have thus confirmed a bearish divergence on the daily. Expected low to go at $2277. MTF: 4H has given us sufficient bearish confirmations. However, note that until this daily low of $2277 goes, bullish pressure could still come in at any point in time, as we are bullish on HTF. Outlook for the week: Look for shorts and target $2277. Capitalise on short-term bullish pressure for longs when they present themselves.