Technical analysis by Trade_Simple_FX about Symbol PAXG: Sell recommendation (10/28/2024)

XAUUSD H1 This is the same setup we shared on our IG page yesterday, the outlook and preference for XAUUSD going forward, we note that $2,755/oz price holds some significance, a huge area of supply on the H1, H4, H8 etc... But also our ATH price, we have undoubtedly a lot of orders in and around that price level, so the volatility and volume is no shock.Lets wait patiently for this resistance/supply and ATH price to hit yet again, and see what we can do. We have now set our alerts for this price level, time to sit and wait!