Technical analysis by Kev-Mad about Symbol PAXG: Sell recommendation (1/9/2025)

Gold has been able to ignore the US dollar strength and rising bond yields until now. But since topping out in October, it has created a few lower highs, suggesting that the trend is no longer bullish as it was in the early parts of last year. The precious metal is now testing a bearish trend line derived from connecting the prior two highs. This trend line happens to cut through a key resistance zone between 2675 to 2685. What's more, the 61.8% Fibonacci retracement level against the December high comes in around this area, at 2671. All this makes it an ideal area for the sellers to potentially step in. Can we see a potential drop here? Or will the bulls prevail despite all these technical hurdles?t.me/+OrHwACfjBpNhMzRk This is my channel. I can guarantee that you will get 300% profit within two weeks. If you are not satisfied, I will not charge you any fees. Similarly, if there is a loss, I will compensate you for all your losses. I hope we have the opportunity to cooperate! Click the link below to join us: t.me/+OrHwACfjBpNhMzRk