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

Gold may still fall back and test the support of 2725 area againAt present, gold maintains a volatile market as a whole. Although gold has failed to fall below 2730 several times, it is still in a rebound structure at the short-term level. But it is still relatively weak at present, and the rebound strength is not strong, so the continuity of gold rebound remains to be seen.At present, it is still suppressed by the trend in the short term, so gold may still fall back to around 2725, so I do not recommend aggressively chasing long gold for the time being, and you can still seize the appropriate opportunity to short gold.