Technical analysis by CryptoBullTrades about Symbol PAXG: Sell recommendation (10/7/2024)

This setup presents an opportunity for a short position on XAUUSD. Based on current market conditions, there are signs of potential downward momentum. Key levels for Entry, Take Profit, and Stop Loss are clearly defined on the chart, offering a structured risk-reward setup. The plan is to capitalize on potential bearish movement, with the strategy aligned to manage risk effectively. Keep an eye on price action as it approaches critical zones to confirm the move.