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

IS GOLD BEING SOLD MORE?! Even today's NFP data failed to bring enough volatility to Gold to invalidate our structure Today's positive NFP data should have pushed Gold down aggressively, but the price is still ranging between Wave A and Wave B in a 'Flat Correction' pattern. We will see Gold pushed down, but ONLY AFTER a 'Flat Correction' phase is complete. The market will first flush and liquidate all impatient traders, then push us higher profits.