Technical analysis by SignalsProvider about Symbol PAXG: Sell recommendation (9/2/2024)

The XAU/USD 30-minute chart indicates a bearish trend, with the price moving downward after completing wave (b). The next potential target for this movement is the completion of wave (c) at the 1.0 Fibonacci extension level, which is around 2468.220. This suggests a possible continuation of the decline in gold prices, with the specified level being a key area of interest for traders looking to enter short positions. As the market approaches this level, traders might look for confirmation of the trend continuation to strengthen their position, while also being mindful of any potential reversals.