Technical analysis by TraderDougLAS1 about Symbol PAXG: Sell recommendation (11/26/2024)

Hello everyone. Gold fell sharply yesterday because Israel and Hezbollah were close to a ceasefire and the market was profit-taking. Let's discuss today's gold trend.We can see from the 4-hour chart.It is found that gold has some signs of a head and shoulders top, and 2642 is the current shoulder position of gold.2642 is the top of this shoulder position. If it cannot cross 2642, it may directly touch the bottom later.Therefore, in terms of current operations, I suggest that everyone pay attention to the suppression point near 2642. If it stabilizes near 2642, then everyone can rely on selling near 2642.And yesterday I also shared with you that I sold gold at 2720-2690 respectively. Next, let us wait for the ceasefire negotiations. Once the ceasefire, gold will continue to fall.