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

Hello everyone. Let’s first take a look at the current 4-hour chart of gold: Although gold has reached a high of around 2720, there are still signs of a head and shoulders bottom on the current 4-hour chart. You can currently see that the lower shoulder position is at 2624-2620, and based on the trend of 2535-2720, 2624-2620 is right at the 618 support level. As long as the 618 support level at 2624-2620 is not broken, there is still a possibility that gold will continue to rise. Therefore, in the next process, I suggest focusing on 2624-2620 and as long as it can settle above 2624-2620, we can start buying based on the 2624-2620 area.