Technical analysis by Neil_Scalper about Symbol PAXG: Sell recommendation (7/23/2024)

🚀 Short-term investment strategy, stable financial growth 🚀 GOLD PRICE DEVELOPMENT: Gold remains under persistent bearish pressure after breaking the key $2,400 level and trading at its lowest in more than a week below $2,390. In the absence of fundamental momentum, technical developments appear to be sending XAU/USD lower. 🚀 NEIL's personal perspective: For now, 2380 will hold and consolidate - But! Resistance at the 2400 area will continue to trigger the downtrend and push prices down. 🔥 SET GOLD PRICE: GOLD BUYING AREA: 2380 - 2378 🔹Sl: 2375 🔹TP1: 2383 🔹TP2: 2385 🔹TP3: 2390 GOLD SELLING AREA NOW: 2390 - 2400 🔹SL 2412 🔹TP 2480 - 2371 - 2354 Give a big attack 🚀NOTE: NEIL requires traders to strictly manage capital -Choose the number of lots that suits your capital -Take profit from 4-6% of account capital -Cut losses from 2-3% of account capital The winner is the one who is persistent and sticks with the market for a long timeTrade activeComment:Comment: + 100 pips from the planned sell zone of 2400- DOWN