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

Key Trade Details:Entry: 2,652.315 (Position entered just below resistance)Stop Loss (SL): 2,656.445 (Placed above the recent high to protect the trade)Take Profit (TP):TP1: 2,640.100 (Set Stop Loss to Break Even once this target is hit)TP2: 2,629.110 (Next support level where price may bounce)TP3: 2,619.390 (Deeper target aligning with bearish momentum)TP4: 2,609.050 (Final target for maximum potential gain)The risk/reward on this setup looks favorable as long as price maintains respect of the trendline and resistance zones.