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

Hello everyone, let’s dive into today’s gold price analysis! On the chart, gold showed a strong rebound of nearly 300 pips on Friday. However, in the long term, it still resides within a downtrend as the price channel remains stable. Looking ahead to the potential movements and targets: Based on technical analysis, I expect the price to decline further after this recent adjustment, possibly reaching the upper boundary of the price channel. My target is set at $2280. What are your thoughts? Do you think gold will rise or fall this week?Trade active