Technical analysis by SelenaBellaa about Symbol PAXG: Sell recommendation (7/22/2024)

Dear traders! Gold prices today tend to recover after falling sharply in the last trading session of last week. At the time of writing, the spot price was listed at 2,407.7 USD/ounce, an increase of 6.9 USD compared to last week's closing level. While investors are waiting for important reports at the end of the week, experts predict that the gold market may stabilize at the beginning of the week and will witness fluctuations after the inflation report. Forecasting gold fluctuations this week, Chairman Adrian Day of Adrian Day Asset Management said that gold prices will not change. According to him, this precious metal will need to consolidate before rising again. However, Day noted that gold could increase at any time if more information strengthens the US Federal Reserve's (Fed) ability to pivot its policy. Plan to trade on July 22 XAUUSD SELL zone 2424 - 2426 SL 2429 TP 2419 - 2410 - 2400Comment: XAUUSD BUY NOW: 2400 - 2402 SL 2396 TP 2405-2410-2420 Gold's recovery signal after 4 H4 candles has not closed past the price of 2393, maintaining the 2393-2400 range.Comment: +40 pips from entry 2400, guysComment: US session gold drops to 2395 and SL my plan, now gold confirms close on smaller time frame will give us buying momentumComment: Break out of the mid-term bottom of 2393 and reach 2385 USDComment: 👨‍💻 XAUUSD Buy zone 2384 - 2386 🔹SL 2379 🔹TP 2390-2400Comment: running 30pips from zone 2385 to 2388 ❤️