Technical analysis by FXBANkthe8055 about Symbol PAXG: Sell recommendation (11/15/2024)

Gold traded around $2,570 per ounce on Friday, heading for its worst week since June 2021, pressured by a strong US dollar and reduced expectations for Federal Reserve rate cuts, which diminished the appeal of non-interest-bearing gold.On Thursday, Fed Chair Powell signaled that there was no immediate need to cut rates, citing the strength of the economy, a robust job market, and persistent inflation.