Technical analysis by bruceyam about Symbol PAXG: Sell recommendation (12/12/2022)

the MACD and Stochastic of showing lack of upside momentum and gold is likely to retreat before a significant rally, as Fed Chairman Powell have signal that rate destiny will be higher than the market expectation, means Fed is likely to continue rate high until something happens. When the Pivot comes, gold will head a long higher, but the technically analysis do not agree about that at this moment go likely to test 60 MA before an other rally.