Technical analysis by Nazmus_Sakib about Symbol PAXG: Sell recommendation (7/27/2024)

Gold Fundamental overview Gold rebounds above $2,380 as US yields stretch lower. Following a quiet European session, Gold gathers bullish momentum and trades decisively higher on the day above $2,380. The benchmark 10-year US Treasury bond yield loses more than 1% on the day after US PCE inflation data, fuelling XAU/USD's upside. Technical overview : Gold 4h character change level already broken. In technical gold market right now in a downtrend. Market is waiting for a strong sell setup.