Technical analysis by PrimexCapital about Symbol PAXG: Sell recommendation (12/2/2024)

Gold showed a strong downtrend earlier and still falling long term for now at least. Expecting a bounce from level 2600.83 and if broken may likely fall further to the 2,548.84 area. That's a strong support area and may less likely break further. For now we suggest you find sell entry zones until the sell bias is generally weakened.