Technical analysis by Golden-finger about Symbol PAXG: Sell recommendation (11/26/2024)

Earlier this week, optimism surrounding Scott Bessent’s nomination as US Treasury Secretary and progress on a ceasefire deal between Israel and Hezbollah put significant pressure on gold prices. Expectations that Bessent will introduce gradual tariff measures to address the budget deficit led to a sharp decline in US Treasury yields, further weakening the dollar. Gold is moving sideways, remaining in the 2600-2646 range, still in a downtrend. Selling Area: 2630 – 2632S: 2638TP1: 2620TP2: 2610TP3: 2600