Technical analysis by Nova-Scalper about Symbol PAXG: Sell recommendation (12/11/2024)

SCALPING XAU / USD⭐️Smart investment, Strong finance⭐️GOLDEN INFORMATION:Gold (XAU/USD) pauses its advance on Wednesday after gaining approximately 2.5% over the last three sessions. The metal faces resistance near the $2,700 level during early Asian trading, as investors show caution ahead of the US Consumer Price Index (CPI) report due at 13:30 GMT.US inflation is expected to remain elevated in November, with headline figures ticking higher. While this data is unlikely to prevent the Federal Reserve (Fed) from implementing a 25-basis-point rate cut next week, it could signal a more measured approach to rate cuts moving into 2025.⭐️Personal comments NOVA:The uptrend is still continuing, it is possible to scalp the old resistance price area this morning at 2702⭐️SET UP GOLD PRICE:🔥SELL GOLD zone: $2702 - $2704 SL $2707 scalpingTP1: $2697TP2: $2692TP3: $2685⭐️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 2721 - positive market