Technical analysis by MBoxtrade about Symbol PAXG: Sell recommendation (6/28/2023)

Gold price has fallen bellow key support after hawkish central bank comment. On the daily charts, the rebound at the beginning of the month was feeble, retracing only 38.2% of the May decline. A measured price objective of the May downswing, points to a fall toward the 200-day moving average (now at about 1852). Strategy: short:1910 Stoploss 1930 target-1 1890 Target -2 1856. Don't forget to follow me to get more update. Good luck