Technical analysis by Dollar_Bolt about Symbol PAXG: Sell recommendation (11/13/2024)

After a prolonged bull run, gold surged from 2455 to 2789 within four months. However, following the US election, gold prices dropped from 2789 to 2591. Currently, I am personally looking for a buying opportunity in this range, with a take profit target of 2672. If gold continues to decline towards support, it may successfully form a head and shoulders pattern. Should gold break down below 2600, I will look for selling opportunities targeting 2440 in the upcoming February.