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

There are no big confirmations that gold will rise or fly that much yet, we can see the strong pushes rated on only good resistance and pullbacks where sell bias are much more better atm. The lows that we have on the bottom are very weak and can lead to breaking them very easy all bellow starting from 2.385-360. If we see good breaks above 2.420-30 then we can look for some good buys after a pullback and so on. If we dont see testing the area above first and move to the bottoms then wont look for any type of sells but then instead for buys after all the liq gets cleared out and we get our confirmation. 4H chart can soon lead to bigger moves as soon as we clean one side of the current range.Not gona trade this price action at all, im staying out for a while.