Technical analysis by Trader-Rita about Symbol PAXG: Sell recommendation (11/30/2024)

XAUUSD - ANALYSISHello friends, I would like to share my perspective on XAUUSD with you. First, I will start with geopolitical news. Israel and Lebanon are on the verge of signing a peace agreement. This news could cause the gold trend to fall. The next point is the civil war in Syria. Syria is not a country with a large economy or large gold reserves. The news of the civil war would have an impact on the gold price. However, my personal analysis for gold is that I expect the areas I have identified on the chart to rise and I am looking for a short position for gold around 2675. My first target for gold is 2531, and my second target for gold is 2483. Safe trading