Technical analysis by Euroraa about Symbol PAXG: Sell recommendation (1/9/2024)

Gold is currently trading around $2032 at the start of the session and has seen a slight recovery after a price correction that brought it down to $2017 at the end of the previous day. The precious metal has broken through the support level of $2033 and the bearish momentum on the chart indicates a consistent move towards a retreat from the EMA 34, 89. Price adjustments are expected. We can anticipate that gold will continue to decline after this test. Selling is recommended.Comment:Trade active