Technical analysis by marcoZarde about Symbol PAXG: Sell recommendation (7/11/2024)

Last chance for a short position while awaiting positive news today, tomorrow, and next week. With the American markets reaching new highs and encountering strong resistance created when the Chinese bank was massively purchasing gold, I believe that with favorable news, there is room for a drop down to the 2200-2160 area. Above 2394, I think that the break of 2400 will be automatic, and further gains are expected above that level.