Technical analysis by PipShiesty about Symbol PAXG: Sell recommendation (9/24/2024)

I'm am currently in a short position on Gold (XAU/USD) as the price shows signs of weakening after a steady uptrend. Entry: 2627.79Stop Loss (SL): 2635.6 (above recent highs and trendline)Take Profits (TP):TP 1: 2615.24 (Move SL to breakeven)TP 2: 2615.305 (support level close to TP 1)TP 3: 2586.490 (significant support zone)TP 4: 2575.1 (deeper retracement level)Full TP: 2546.86 (ultimate downside target, aligning with a previous major low)The trade is based on the idea of a rejection near resistance and trendline breakout. I’m expecting a pullback towards the previous lows, supported by multiple levels of take profit to secure gains as the trade progresses.