Technical analysis by snour about Symbol PAXG on 11/6/2024

Daily chart Gold GOLD touched the support line S and rebounded in the last candlestick. So, we need to wait for a confirmation by closing this day and tomorrow, either a successful hammer candlestick, or visiting the lower support levels - one by one! At each shown support level, there will be 2 scenarios: Rebound up or Break down. The technical indicators MACD and RSI are showing a bearing movement. This is only a (Be careful signal)! The direction should be confirmed before opening a new position.Correction is very active!