Technical analysis by Soon-trader about Symbol PAXG: Sell recommendation (7/30/2024)

Currently, gold prices are fluctuating within a narrow range. The current price is below both EMA lines, indicating that the downtrend is still in effect. A reversal candlestick pattern has appeared near the resistance level, suggesting that prices might decline again. If the price cannot break through the resistance level and strong bearish signals appear, gold prices may return to the support level of 2,360.000 or even lower if selling pressure increases.