Technical analysis by mark_115 about Symbol PAXG: Sell recommendation (10/20/2023)

From a technical perspective, this week's break above the 200-day SMA and a subsequent move beyond the $1,947-1,948 supply zone favour bullish traders. That said, the Relative Strength Index (RSI) on hourly charts is flashing overbought conditions and makes it prudent to wait for some near-term consolidation before the next leg up. Nevertheless, the Gold price seems poised to surpass the July swing high, around the $1,987 region, and aim to conquer the $2,000 psychological mark for the first Gold now buy 1981Target 1985Target 1989Target 1996SL 1970Gold buy 10 pips runningGold buy 20 pips runningGold buy 30 pips runningTarget 1 hit 40 pips done ✅Gold buy 50 pips runningGold buy 60 pips runningGold buy 70 pips runningTarget 2 hit 80 pips done ✅Gold buy 90 pips runningGold buy 100 pips runningGold buy 120 pips runningGold buy 130 pips runningGold buy 140 pips runningTarget 3 hit 150 pips done ✅Check my signalHello everyoneXauusdGold buyConfirm my signalFollow my chartAll target hit 🎯Follow my signalFollow meHello everyoneXauusdConfirm my chartGold buy signalFollow my signalConfirm my trade