Technical analysis by Dollar_Bolt about Symbol PAXG: Sell recommendation (9/14/2024)

Gold is currently at its all-time high of 2586, with potential to rise slightly further to around 2595-96. This surge in gold prices is primarily due to the current political situation in the USA. The recent movement in gold prices is referred to as an impulse move. However, gold is now expected to undergo a correction phase. According to our predictions and analysis, gold is likely to experience a significant drop in the near future, potentially falling to around 2528.