Technical analysis by Jack_Blackwell about Symbol PAXG: Sell recommendation (2/18/2024)

Gold can be positioned for a short trade At present, the suppression port above gold remains at the 2015 line. This position is likely to be the position where the daily line presses downward on the 10th. Although we are eager to try on Friday, before this position has not been completely broken, we can still tentatively place short positions. Just wait, and the support below remains at the high point of yesterday's counterattack and the top-bottom transition position of 95. Once this position continues to break down, gold will still be in a downward trend in the later period, and the daily line will also be repaired, while below The support continues to be maintained at the 95 line. If it breaks below, you can go short by pulling back and wait patiently for the key points to enter the market. I will give you specific operating strategies during the session, so pay attention in time. Gold operation strategy: 1. Go short on the 2016-2020 first line of rebound, stop loss in 2029, and target the 2000-2003 first line; 2. Go long if the 2000-2003 line is not broken, stop loss at 1992, and target the 2013-2015 line