Technical analysis by Nova-Scalper about Symbol PAXG: Sell recommendation (12/6/2024)

⭐️Smart investment, Strong finance⭐️GOLDEN INFORMATION:The upcoming US jobs report will play a crucial role in shaping the Federal Reserve's (Fed) monetary policy decision later this month, influencing the US Dollar (USD) and impacting Gold prices. Meanwhile, optimism that the Fed will approach rate cuts cautiously, amid concerns that President-elect Donald Trump's policies may spur inflation, continues to weigh on XAU/USD.⭐️Personal comments NOVA:Price dispute: bulls and bears are strong in the Asian session, NF will legitimize the price with a strong discount, personal opinion based on the economic context at the end of 2024⭐️SET UP GOLD PRICE:🔥SELL GOLD zone: $2687 - $2689 SL $2694TP1: $2675TP2: $2660TP3: $2650🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping ( Applies to the Asia-Europe session )TP1: $2648TP2: $2640TP3: $2630🔥BUY GOLD zone: $2587 - $2585 SL $2580TP1: $2592TP2: $2600TP3: $2610⭐️Technical analysis:Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.⭐️NOTE:Note: Nova wishes traders to manage their capital well- take the number of lots that match your capital- Takeprofit equal to 4-6% of capital account- Stoplose equal to 2-3% of capital accountSideway gold price in the 2630-2640 zone waiting for NF