Technical analysis by AlselvSignals about Symbol PAXG on 11/16/2023

Dear readers, as predicted yesterday, based on technical analysis, Gold seems to lack the momentum to increase in price. It has weakened from $1970 and is currently trading at $1957, struggling to break through the immediate resistance level at $1962. Therefore, it would not be surprising if gold sellers aim to profit from the expected decline to $1950 before any new bullish momentum emerges in today's trading session. Today, we will receive important news, so stay tuned as it could act as a catalyst to push gold prices back up.