Technical analysis by Explorer-k about Symbol PAXG: Sell recommendation (7/18/2024)

Although the overall structure of gold in the 4-hour period has moved upward, the short-term moving average has crossed, the MACD indicator continues to increase in volume, and the KDJ indicator shows sufficient downward momentum. The overall structure of the 4-hour period should focus on the retracement strength to prevent the bottoming out and rebound.Trading ideas: It is recommended to go short first, with a target of 2440-2445, and then go long in this area, with a target near 2460.Stay tuned for more precise strategiesShorts take profits, longs need to waitUpcoming strategy updates