Technical analysis by Wakeel_Saab about Symbol PAXG: Sell recommendation (11/5/2024)

Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF GEOPOLITICSAs Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over priceUS ELECTIONsAs far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways