Technical analysis by Soon-trader about Symbol PAXG: Sell recommendation (7/25/2024)

You can see on the chart that the price has broken below both EMA lines, indicating a strong bearish signal. Currently, the price is trading near the resistance level at the 2,419 region and is trending down towards the next support level around 2,390. The appearance of strong bearish candles in recent sessions confirms significant selling pressure. In the short term, the price may drop to the support region at 2,390.Trade activeTrade activeTrade active