Technical analysis by Youngking22 about Symbol PAXG: Sell recommendation (7/14/2024)

Following the release of the CPI data on Thursday, July 11th at 7:30 AM EST, XAUUSD surged to 2,418.28. However, it failed to break the high of the Thursday bull run and subsequently rejected at 2,418.28. Currently, it is heading towards the 2,404.91 zone. Given the overall bullish sentiment of XAUUSD, I anticipate an aggressive break of this area, potentially leading to a decline towards the Friday low of 2,391.56.