Technical analysis by Good-ideas about Symbol PAXG: Sell recommendation (11/27/2024)
After gold rebounds, continue to be bearish!
US President-elect Donald Trump's promise to impose tariffs on imports from Canada, Mexico, and China sparked renewed safe-haven demand for Gold.Meanwhile, Ukraine reported its largest Russian drone attack to date, alongside reports of Russia using a hypersonic missile last week and advancing at its quickest pace since the 2022 invasion. Allegations of North Korean troops being deployed in Ukraine further complicate the situation, while Ukraine's strikes on deep Russian targets using Western-supplied missiles increase the risk of further conflict escalation.Gold price is recovering. If it breaks through 2660, the buying force will still be strong and will wait for a stronger resistance area at 2690.SELL: 2685 - 2690SL: 2693TP1: 2680TP2: 2670TP3: 2660Tomorrow is Thanksgiving, and Black Friday is coming soon. Do you have enough money in your wallet? Christmas is next month, if you want to make money, you can contact me! During the upcoming holidays, you can choose to watch people shopping, vacationing, and buying cars. Or buy a car, vacation, or house for yourself!