Technical analysis by Here-we-go- about Symbol PAXG: Sell recommendation (12/9/2024)

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.SELL: 2655 - 2660SL 2665TP1: 2645TP2: 2635TP3: 2620BUY : 2614 - 2612SL 2607TP1: 2625TP2: 2640TP3: 2650Christmas is coming. Do you have enough money in your wallet? It’s Christmas at the end of the month! During the upcoming holidays, you can choose to watch people shopping, taking vacations, and buying cars. Or buy yourself a car, vacation, or house!