Technical analysis by CTFX_Fintech about Symbol PAXG: Buy recommendation (12/16/2024)

XAUUSD December 16, 2024GOLD fell sharply when it reached the short-term resistance area of ​​2721, then strongly returned to the price range of 2643.GOLD is likely to enter a SELL position when it breaks the 2675 support zone.The Asian session is traded with the old Sideway zone 2635-2656. MN can open a SELL gold order around the price range 2656-2658 to the further TP point 2645, 2638. If Gold breaks the above Sell price range, then MN will remove SELL and reverse to BUY gold to 2673. Monitor and balance orders before 6:30 p.m. Check the resistance - support zone on H1-H4 so you can enter a trading position at a safe level for Gold when Gold currently has many unexpected fluctuations.