$PAXG
Technical Analysis: Gold prices are currently consolidating near the high range around $4,048, with candlestick patterns indicating a slowdown in upward momentum. Short-term moving averages maintain an upward bias, but prices have repeatedly encountered resistance above $4,100, suggesting insufficient buying strength.
Meanwhile, the 14-day RSI indicator resides in a neutral-to-strong zone but shows slight divergence, suggesting the pace of gains may moderate. A break above $4,100 could open the door to further tests of prior highs;
Conversely, a break below the $4,020 support level could trigger a deeper technical correction. The core variables in the current gold market are the direction of the US dollar and the Fed's policy path. Employment data is exerting short-term pressure on gold prices, but uncertainties in the economic outlook may still manifest in subsequent data releases. Should future PMI or confidence indices show a decline, gold's rebound momentum could regain traction. Today is Friday, the final trading day of the week—beware of “Black Friday”! Trading strategy focuses on short-term sell orders: Sell: 4070-75 TP: 4050 -45 SL: 4084$BTC