Technical analysis by FOREX-MASTER1 about Symbol PAXG: Sell recommendation (7/28/2024)

Gold stretched lower after breaking below $2,400. After ending the lower in previous week. Gold (XAU/USD) extended its slide and touched a two-week low near $2,350, indicating a growing signs of a no demand outlook for the precious metal. The Federal Reserve (Fed) will announce monetary policy decisions next week and the US high economic data releases, which could trigger the next directional move in XAU/USD. The near-term technical outlook indicates a lack of buyer interest. With every rise selling is advised. please strictly watch support and resistance zones and trade accordingly... Selling Gold (XAU/USD) with target 2300 and 2250 are recommended in near term Good LUCKWe have Sold again Gold at 2422 with sl of 2436... we will hold that trade for a certain time.... Target is 2200.....