Technical analysis by wetdyerap about Symbol PAXG on 8/14/2024

Analysis of the gold trend in the Asia-Europe session on 14/08/2024: After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern. However, today's CPI is still a mystery. Is this a correction phase or just a fake breakout? The long-term trend remains a BUY, but short-term SELL trades can be made at the peak area. Key price levels to watch: 2473-2475, 2444-2447, and 2430-2434. Recommended orders: Plan 1: SELL XAUUSD zone 2473 - 2475 SL 2479 TP 2468 - 2458 - 2445. Plan 2: BUY XAUUSD zone 2444-2447 SL 2441 TP 2455 - 2468 - 2485 - 2509. Plan 3: BUY XAUUSD zone 2430-2433 SL 2427 TP 2444 - 2458 - 2468 - 2509.Link Telegram: t.me/yhpanahs