Technical analysis by PalmTreeTradingUK about Symbol PAXG: Sell recommendation (10/22/2024)

2733 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 2714.25.If price breaks above 2733 then it should hit 2744.Below is our recommendation;Trade 1 (Risk 0.5% of your account size);Sell Gold @ 2728Stop Loss @ 2733Take Profit @ 2714.25Trade 2 (Risk 1% of your account size);Buy Stop Gold @ 2733Stop Loss @ 2728Take Profit @ 2744*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.Trade 1 is activeStop loss level of Trade 1 reachedTrade 2 is activeTrade 2 closed manually in profit at 2739.2.Net Profit = +740 pips