Technical analysis by ConanTradingFX about Symbol PAXG: Sell recommendation (10/11/2024)

Dear friends, XAUUSD continues to gain some recovery momentum as it has reclaimed 2600, but the main trend and the long-term trend are still moving sideways.Currently, the price is approaching the psychological level of 2650 and at the same time is approaching the limits of the Bollinger Bands. A downside correction is expected when the pair reaches the level, the targets are the support levels of 2625 and 2605.And you, how do you think XAUUSD will move on the last trading day of the week!