Technical analysis by UnknownUnicorn6964649 about Symbol PAXG: Sell recommendation (10/20/2023)

The four-hour gold chart shows an uptrend. The price is above the Ichimoku cloud, which is a confirmation of bullish momentum. Therefore, the market is expected to reach the first resistance. Key levelsThe first resistance is at $1984.32, which corresponds to the 127.20% Fibonacci level. The second resistance is formed at $2006.86.Intermediate support is located at 1971.03 and can lead to a bullish return of the market. The first support level is at 1949.45, which indicates a strong support zone.