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

the Gold (XAU/USD) 1H chart is showing a pullback towards the broken dynamic support, which could now act as resistance. This setup suggests that Gold may continue to decline from here.Key Points:Pullback to Broken Support:Gold is currently testing the broken dynamic support, and this often leads to a downward move if the resistance holds.Short Setup:A short position could be considered with a stop-loss placed just above $2650, which is the key resistance level.Conclusion:This pullback could be the perfect setup for a short trade, but always manage your risk. If the price breaks above $2650, reconsider the trade.Note: This analysis is based on technical patterns, always trade responsibly and with proper risk management.a takeout happened , we changed our stop loss to 2653 , lets bleed