Technical analysis by Nova-Scalper about Symbol PAXG: Sell recommendation (12/9/2024)

⭐️Smart investment, Strong finance⭐️GOLDEN INFORMATION:Gold price (XAU/USD) finds some support at the start of the week, building on Friday’s rebound from the $2,614-2,613 zone, though it remains range-bound over the past two weeks. Friday's US Nonfarm Payrolls (NFP) report reinforced expectations of a Federal Reserve (Fed) rate cut in December, keeping US Treasury yields subdued and providing a boost to the non-yielding gold.Additionally, a cautious market mood driven by political unrest in South Korea, geopolitical tensions, and trade war concerns further supports the safe-haven metal. However, growing speculation that the Fed might slow or pause its rate cuts in January helps the US Dollar (USD) extend its modest recovery from a near one-month low, which could limit significant upside for XAU/USD.⭐️Personal comments NOVA:The sideway price range in early December can last for a long time, buyers and sellers compete in the price range of 2600-2700.⭐️SET UP GOLD PRICE:🔥SELL GOLD zone: $2655 - $2657 SL $2662TP1: $2645TP2: $2638TP3: $2622🔥BUY GOLD zone: $2614 - $2612 SL $2607TP1: $2625TP2: $2638TP3: $2650⭐️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 account+ 25 pips , signal SELL PLAN DAY 55-57