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

SCALPING XAU / USD⭐️Smart investment, Strong finance⭐️GOLDEN INFORMATION:Expectations for rate cuts remained largely unchanged after the US Department of Labor (DoL) reported that Initial Jobless Claims increased to 224K for the week ending November 29, up from the previous week's 215K. Meanwhile, the benchmark 10-year US Treasury yield remains near its lowest point since October 22, keeping the US Dollar subdued at multi-week lows and providing added support for the precious metal.⭐️Personal comments NOVA:Scalping the sideway price range of the European Friday session (2633 - 2650). The main trend is still down, SELL SIGNAL⭐️SET UP GOLD PRICE:🔥SELL GOLD zone: $2650 - $2652 SL $2655 scalpingTP1: $2645TP2: $2640TP3: $2630⭐️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 accountGold price started to adjust downward - around 2620