Technical analysis by SmartCharts_ about Symbol PAXG: Sell recommendation (12/8/2024)

Gold is currently at an interesting level and has maintained its area during the consolidation phase, even with the Non-Farm Payroll (NFP) week. On the daily chart, the market appears bullish, but both the weekly and 4-hour charts indicate a bearish trend. This situation presents a potential opportunity for a quick day trade. I will be monitoring for a break and retest below the daily area of interest (AOI) to ensure that no false breakouts occur.