Technical analysis by Fx_Jack17 about Symbol PAXG: Sell recommendation (1/2/2025)

Gold is ready for fallAcceptance above the 21-day barrier could call for a test of the $2,650 psychological level and the 50-day SMA at $2,655.The next relevant upside target aligns at the $2,700 round level.On the flip side, the immediate support is at the previous resistance of 100-day SMA at $2,624.A daily candlestick close below the latter will negate the recovery momentum, fuelling a fresh downtrend toward the weekly low of $2,596Gold sell.2634Target 2620Target 2600