Technical analysis by WaveRiders2 about Symbol PAXG: Sell recommendation (11/4/2024)

Gold (XAU/USD) is testing a support zone (marked in green) on the 15-minute chart. If we see a clear breakdown of this level, the next target is our lower support zone, where buyers could potentially step back in.For those in short positions, consider reducing exposure if the price returns to this zone, as it may present a bounce opportunity. Watch for confirmation before considering any long entries.