Technical analysis by GoldNest_by_Lovewell about Symbol PAXG: Sell recommendation (12/19/2024)

Yesterday, the technical view of gold was suppressed below 2650 throughout the day, showing a weak and volatile trend. The US market fell slightly and fell to 2632, fluctuating sideways. After the interest rate meeting, it quickly pierced the 2600 level downward, forming a one-sided short downtrend. The latest price of gold closed at 2. The close below 600 suppressed the long-term decline, and the overall gold price completely entered a weak one-sided short position. In the first few days of this week, I gave short selling trading strategies. I believe that friends who follow my TradingView community can see today, Continue short position in the recovery of the day. From the 4-hour analysis, today's upper resistance is around 2625-30. Intraday recovery depends on this position continuing to be short and following the downtrend. Alt The target is still interested in breaking the bottom. The short-term long and short strength limit is 2640. The daily level is under pressure below this position and continues to maintain the main short rhythm of the recovery. Reverse trend long orders are not included. Gold operation strategy: 1. Gold recovers to 2625-2632, short position, stop loss 2637, target 2605-2600;