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

Gold makes gains for the third day in a row. It is back above 2,400 for the first time since late May, and there is little resistance left on the daily charts until the recent major high at 2,450 comes into play. However, I noticed a potential bearish zone around 2,420 and I expect to see pullback now. Currently we can see bullish trend. *Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline.