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

Hello everyone. Let's discuss what happened with gold this week. If we look at the current gold 4-hour chart. The current trend of the 4-hour chart is very similar to the previous one. After a long consolidation period, the previous upward breakout reached 2680-2690. It is currently also upward and 2680-2690 is now close to it. The only thing we need to pay attention to is that this week's trend touched 2680-2690 and then fell sharply again. Therefore, you should be careful after the current gold trend sees 2680-2690. If the previous trend repeats, you should be careful of the possibility of a big increase in CPI. Secondly, on the daily line, gold has now stabilized above the 2660 moving average support, so there is definitely an uptrend. Also, there will be some delay in the content being published 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 first transaction information. If you think my article chart analysis was helpful to you, you may like it. Thank you for your support.