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

🚀 Short-term investment strategy, steady financial growth 🚀 GOLD PRICE DEVELOPMENTS: Gold prices (XAU/USD) showed uncertainty near key support at $2,400 during the European session on Monday and now. In the context, buyers lack attraction amid speculation that the Republican Party led by Donald Trump will win the United States (US) presidential election in November - as this is beneficial for the USD (direct impact on gold). Additionally, the 10-year US Treasury yield fell to 4.22%. Lower yields on interest-bearing assets reduce the opportunity cost of investing in non-yielding assets, such as Gold. 🚀 NEIL's personal perspective: Gold prices steady above $2400 area on Monday - horizontal consolidation around BB in downtrend 🔥 SETTING THE PRICE OF GOLD: GOLD BUYING ZONE: 2399 - 2397 🔹Sl: 2393 🔹TP1: 2402 🔹TP2: 2405 🔹TP3: 2408 GOLD SELLING REGION:: 2410-2412 🔹SL 2415 🔹TP 2400 🚀NOTE: NEIL requires traders to strictly manage capital -Choose the number of lots suitable for your capital -Take profit from 4-6% of account capital -Cut losses from 2-3% of account capital The winner is the one who perseveres and sticks with the market for a long timeTrade active