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

SCALPING XAU / USD⭐️Smart investment, Strong finance⭐️GOLDEN INFORMATION:Political unrest in South Korea, geopolitical tensions, and trade war concerns lend support to the safe-haven Gold price. However, modest strength in the US Dollar (USD), fueled by expectations that the Federal Reserve (Fed) may take a less dovish approach due to speculation that President-elect Donald Trump's policies could drive inflation higher, limits further gains for XAU/USD. Additionally, traders appear cautious, likely holding off on significant moves ahead of this week’s upcoming US consumer inflation data release.⭐️Personal comments NOVA:Maintaining the sideway price range - scalping the 2655 resistance zone⭐️SET UP GOLD PRICE:🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalpingTP1: $2650TP2: $2645TP3: $2640⭐️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 recovered above 2670 thanks to news that China was buying gold reserves. Break 2655 sideway zoneGold price recovered - positivity returned to the market