Technical analysis by Prince677 about Symbol PAXG: Sell recommendation (10/30/2023)

Gold price falls nominally from five-month high of $2,009 as investors remain concerned about the interest rate guidance from the Fed, which will be delivered on Wednesday. The precious metal stabilizes above the crucial resistance of around $1,990, which is now acting as a major support for the Gold bulls. The broader Gold demand outlook turns bullish as the 20-day Exponential Moving Average (EMA) has delivered a bullish crossover above the 50 and 200-day EMAs. XAUUSD BUY : 1996TP. : 2005TP. : 2013TP. : 2020SL. : 198320 Pips Done30 Pips Done.40 Pips Running50 Pips Done60 Pips RunningFollow My ChartConfirm TargetRunning Amazing Profit