Technical analysis by iktbiktb about Symbol PAXG: Sell recommendation (12/4/2024)

Expectations that the Federal Reserve will take a cautious approach to rate cuts, driven by concerns that President-elect Donald Trump's policies could fuel inflation, are supporting a slight rise in US Treasury yields. This provides some strength to the US Dollar (USD) and may pose a challenge for Gold prices. However, XAU/USD remains supported by ongoing geopolitical tensions, uncertainty around Trump's trade tariffs, and fears of a potential second wave of global trade wars.Traders are now awaiting the US ADP private-sector employment report and the ISM Services PMI for fresh direction in the market.Gold price narrows sideway zone 2640-2655, about to break the accumulation zone with ADP NF data this week.Christmas is coming. Do you have enough money in your wallet? It’s Christmas at the end of the month! During the upcoming holidays, you can choose to watch people shopping, taking vacations, and buying cars. Or buy yourself a car, vacation, or house!