Technical analysis by Briantradefx about Symbol PAXG: Sell recommendation (1/20/2025)

Gold Trading PlanSummary:Spot gold prices (XAU/USD) saw a significant rally last week, rising from 2657 to 2724, as the bullish trend continued, supported by weak economic data. However, new investor concerns are emerging regarding the Fed potentially pausing rate cuts or even raising rates again. Additionally, Donald Trump’s inauguration as U.S. president tomorrow and the strong recovery of the crypto market add further uncertainty.Technical Analysis:On the H4 timeframe, gold remains above the two EMA lines, indicating that the uptrend is still intact. However, if gold fails to break through the resistance zone at 2725-2730, combined with market FOMO as Trump assumes office tomorrow, a strong correction toward 2675 or even 2660-2665 is possible. Exercise caution this week as significant market volatility is expected.Key Price Levels to Watch:BUY: 2675-2680; 2660-2665SELL: 2725-2730; 2750-2755Wishing you all successful and enjoyable trading!