Technical analysis by PpetroeR about Symbol PAXG: Sell recommendation (11/21/2024)

The fundamental background is changing and it is reflected in the gold. The outflow of investments may continue. If the negative background intensifies, gold may fall lower after resistance zone /2670 - 2685/ retest.Important! It's possible to have on daily frame a big Down movement around and below 2.5k,too.On a weekly chart, we have a bullish engulfing candle, which means that the upward movement is more likely to continue to 2820 and then to the next psychological target 3000!