Technical analysis by icypopsicle about Symbol PAXG: Sell recommendation (7/12/2022)

- Dollar remains strong and Fed remains hawkish - Gold's price actions have not been an 'inflation hedge' this year - To watch out for tomorrow's US inflation data and July's fed meeting - Bearish on Gold as long as USD remains strong- Price has dropped as expected and there is still the possibility of a rebound. - Not very far from the profit target.