Technical analysis by TrendTraderWayne about Symbol PAXG: Buy recommendation (12/19/2024)

Hello everyone. Gold fell sharply yesterday due to the Fed rate cut. So, there are two trading days left this week. Let’s discuss the trading trends for the remaining two days of the week. Based on the current daily chart. 2580 is the daily trend line support, which is quite a strong support. On the daily chart, we can currently see that there is a hurdle near 2650. If it can rise again and stand near 2650, there is a high probability that it will continue to rise to 2680 or even 2700. So, it is better to buy mainly in these two days if gold is really going to fall. I think the only possibility is that the decline will continue next week. There is a high probability that the next two days of this week will be a consolidation and recovery trend. Yesterday we sold gold at 2633 before the Fed rate cut announcement and the TP price completed at 2585. There will be a delay in the updated content here if you need to get more trading information from me, you can pay attention to the area below the article and you can get the trading analysis and trading signals you want.