Technical analysis by Integrity_GoldFX about Symbol PAXG: Sell recommendation (8/18/2024)

Gold has been on a strong bullish run, gaining over 5000 pips since the beginning of the year. Year-to-date, it's up by more than 20%, positioning itself for its best annual performance since 2020, when it gained 25.1% (6200 pips). Looking at the chart, it’s clear that the bulls are still in control, and I anticipate another 2000 pips increase before the year ends, potentially reaching my long-held target of 2700. However, instead of jumping in to buy, my strategy is to wait for the price to reach my sell zone. I plan to patiently wait for the price to rise, then capitalize on the rallies by selling for a potential gain of at least 4000 pips. Regardless of any analysis or view, always follow your trading plans.Gold is about to reach my sell zone, wait patiently for itGold is heading down after entering into my sell zone