Technical analysis by ckb6ckb6 about Symbol PAXG: Sell recommendation (12/12/2024)

The 1-hour moving average of gold begins to turn. If the moving average begins to turn downward, or even forms a dead cross, then the space for gold shorts will be opened. Gold will continue to short when it rebounds in the US market. After gold falls and breaks, it will rebound under pressure at 2,700 and fall directly. Gold will continue to short when it rebounds below 2,700 in the US market. This is the market of gold, which changes rapidly. It may be a carnival for gold bulls in the last second, and a feast for gold bears in the next second.It is not difficult to make money in this market. It is very simple if you have the ability to analyze the market and the ability to manage risks. However, if you do not have these abilities, I advise you not to trade blindly, because the cost of trial and error is very high. I do not want you to lose money in vain. If you want to make a stable profit, you can contact me and I will use my knowledge to help you.