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

Hello everyone. Gold fell sharply yesterday due to the Fed's interest rate cut. So there are two trading days left until the end of this week. Let's discuss the trading trends in the remaining two days of the week. Looking at the current daily chart. 2580 is definitely the daily trend line support, which is a strong support. We can see that there is currently an obstacle around 2650 on the daily chart. If it can rise again and reach around 2650, it is highly likely that it will continue to rise to around 2680 or even 2700. Therefore, if gold is really going to fall, it is best to buy mainly on these two days. I think the only possibility is that the decline will continue next week. The next two days of this week are likely to show a consolidation and recovery trend. Yesterday, before the Fed interest rate cut was announced, we sold gold at 2633 and the TP price was completed at 2585. There will be a delay in the updated content here. If you want to get more trading information from me, you can get the trading analysis and trading signals you want by paying attention to the field in the alt section of the article.