Technical analysis by Goldtrading_MJ about Symbol PAXG: Buy recommendation (11/25/2024)

Hello everyone. First, let's look at the current 4-hour chart of gold: Although gold has reached its peak around 2720, there are still signs of head and shoulders bottoms on the current 4-hour chart. You can see that the alt shoulder position is currently at 2624-2620 and based on the 2535-2720 trend, 2624-2620 is exactly at the 618 support position. As long as 2624-2620 does not break the 618 support position, there is still a possibility that gold will continue to rise. Therefore, I recommend focusing on 2624-2620 in the next operation. As long as it can stabilize above 2624-2620, we can start buying around 2624-2620.