Technical analysis by SignalsProvider about Symbol PAXG: Sell recommendation (9/3/2024)

The XAU/USD 45-minute chart suggests a potential short setup. The price seems to have completed a wave (b) correction and is now possibly heading lower in wave (c). The target for wave (c) could be around the 1.0 extension level at 2468.220 and possibly further down to the 1.618 extension level at 2430.575.This indicates a bearish outlook for XAU/USD in the short term. Traders might consider entering short positions if the price continues to decline towards these levels, with potential targets set at the 2468.220 and 2430.575 levels.