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Technical analysis by DavidMarsh about Symbol PAXG: Sell recommendation (1/16/2024)

https://sahmeto.com/message/873377
DavidMarsh
DavidMarsh
Rank: 18751
1.5
Sell،Technical،DavidMarsh

Gold price has faced a sharp sell-off after failing to recapture the weekly high of $2,062. The precious metal has dropped to near $2,040 and is expected to remain on tenterhooks before getting fresh cues about the timing of rate cuts from the Fed. The yellow metal has surrendered entire gains generated on Monday and has corrected to near the 20-day Exponential Moving Average (EMA), which trades around $2,039.

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$2,024.71
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