Technical analysis by syafmovic about Symbol PAXG: Sell recommendation (7/28/2024)

Hello Trader im backAlright, let’s follow the storyline of gold here.Based on fundamentals, the Central Bank is not inclined to cut the interest rates that have been set. This indicates that the USD is gaining investors’ attention, and gold is likely to weaken.Now, if we look at the technical side, the gold price is currently at a resistance level. This opens up an opportunity for us to SELL on tomorrow, July 29th.// LOW-RISK ZONEEntry: 2433 - 2420Take Profit (TP): 2365Maximum TP: 2356// HIGH-RISK ZONESELL Entry: 2392 - 2399Stop Loss (SL): 2401TP: 2365Maximum TP: 2356Keep in mind that if we proceed with the sell, there might be a double bottom pattern forming, which could prompt us to buy when that pattern occurs.Happy trading!" 📈🤑Remember, trading involves risks, so always make informed decisions and manage your positions carefully. Good luck! 😊🌟