Technical analysis by TurboCapitals about Symbol PAXG: Sell recommendation (10/3/2024)

Following Recent Update from fundamentals and that Gold isnt moved by seasonality trend this year , but Clearly geographical Impact, keen on the fundamentals and follow the money (liquidity) and unemployment dataLiquidity grabbed and Pushed gold upper towards 1300+ pointsCurrently trading at 2800 points, we anticipate flipping the 2666.090 zone toward our target of 2680.288 ahead of upcoming high-impact news (with an expectation of a potential downturn). Following the recent 50bps rate cut, unemployment is expected to decline modestly over time as lower rates stimulate economic growth. If geopolitical tensions are managed effectively, gold prices are projected to decline further. However, should these crises escalate, gold is likely to strengthen as a safe-haven asset, especially during events like war