Technical analysis by TrendTraderWayne about Symbol PAXG: Sell recommendation (12/10/2024)

Hello everyone. Let's discuss what is happening with gold this week. Starting from the current 4-hour gold chart. It can be seen that the current trend on the 4-hour chart is very similar to the previous trend. After a long period of consolidation, the previous bullish breakout touched the 2680-2690 levels. It is also bullish at the moment, and 2680-2690 is now close to it. The only thing we should pay attention to is the trend this week after touching the 2680-2690 levels, it has fallen sharply again. Therefore, you should be careful after the current gold trend reaches 2680-2690, and in case the previous trend repeats, you should be careful of the possibility of a significant rise in the CPI. Secondly, on the daily line, gold has now settled above the 2660 moving average support, so it is definitely a bullish trend. In addition, there will be some delay in publishing the content here. We need to update from time to time according to the changes in market trends, so you can pay attention to the area below to get the trading information for the first time. If you think my article chart analysis is useful to you, you can like it. Thank you for your support.