Technical analysis by Falcon-Training-Camp about Symbol PAXG: Sell recommendation (11/25/2024)

Market Review and Outlook:Dear traders, today’s shorting strategy around 2688 has likely provided profits for those who followed the signal—congratulations to those who seized this opportunity! For those who missed it, don’t worry; there are still plenty of chances ahead as the market continues to offer ample trading opportunities.The sharp decline in gold prices recently has been driven by expectations of a ceasefire agreement in the Middle East, which has significantly reduced safe-haven demand. This, coupled with a drop in geopolitical tensions, has caused gold to remain under pressure. While some traders may consider going long at current levels in anticipation of a rebound, I must emphasize that trading is not gambling. The key to success lies in aligning with the prevailing trend to minimize unnecessary risks.From both a fundamental and technical perspective, a reversal in gold prices appears unlikely in the short term. Bearish sentiment remains strong, and the trend is firmly in favor of the bears. Therefore, a short-biased trading approach should continue to dominate under the current market conditions.Today's Trading Strategy:Gold has formed a significant short-term resistance level around 2640. If the market experiences a slight rebound, this will offer another opportunity to enter short positions. The upside potential is limited, while the downside has substantial room to move.Recommendation: Look to short again around 2640 during any brief upticks.Risk-to-Reward: The downside potential remains strong, while the upside is limited.Advisory Note:The broader trend is clear, and for those unsure how to navigate the market, feel free to reach out for assistance. Recent VIP strategies have shown solid performance, but as these are based on trend analysis and not precise trading signals, some users may have misunderstood the approach, resulting in losses or trapped positions. If you find yourself in such a situation, please contact me for help.For those considering joining our VIP service, now is a great time to apply for a free trial to gain a clearer understanding of the value we offer. Feel free to reach out for more information!Disclaimer:This analysis is for informational purposes only and does not constitute financial advice. Always use sound risk management practices and avoid overleveraging in your trades.Let me know if you'd like to further refine or adjust any details!The price is likely to reach 2600, brothers who continue to short, please pay attention!