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Technical analysis by Amirmxh about Symbol PAXG: Sell recommendation (10/23/2023)

https://sahmeto.com/message/508402
Amirmxh
Amirmxh
Rank: 16194
Sell،Technical،Amirmxh

The gold market can experience sudden price hikes due to fundamental situations. If the war situation remains stable, there might be a possibility of some corrections in gold prices from a technical point of view. However, it is essential to note that trading against the market trend can be risky.I opened this trade because of the reasons explained in the chart above. My initial target price is $1951.In 1965, I saved half of my profits and made the trade risk-free.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$1,961.05
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