Technical analysis by Faith-l1 about Symbol PAXG: Sell recommendation (11/25/2024)
Faith-l1

Gold (XAU/USD) dropped over 1% on Monday, trading in the $2,670 range, as markets reacted positively to the appointment of a steady and experienced figure to succeed Janet Yellen as the next US Treasury Secretary.President-elect Donald Trump selected hedge fund manager Scott Bessent for the role, set to begin in January 2025. Bessent's reputation for cautious decision-making and his potential to temper some of Trump’s more extreme economic and trade policies appear to have eased market concerns, reducing the demand for gold as a safe-haven asset.If we look at the chart, we can also see that the history is surprisingly similar! Gold's recent rollercoaster and mountain finish, this move will be replicated.SELL GOLD:2690-2692 SL: 2698TP1: 2685TP2: 2675TP3: 2670Black Friday is almost here. Do you have enough money in your wallet? There is Christmas next month, if you want to make money, you can contact me! You can choose to watch people shopping, taking vacations, buying cars during the upcoming holidays. Or buy your own car, vacation, or house!