Technical analysis by Novariaa about Symbol PAXG: Sell recommendation (11/13/2023)

The price of gold is currently trading in the range of 1939 - 1940 USD at the beginning of the week, and it is undergoing a corrective uptrend. According to our chart analysis, the Selling strategy will still be prioritized as the price continues to operate within a descending channel. The current resistance level is around 1950 USD. If gold encounters this resistance level, it may reverse its direction. The target for a price decline is 1920 USD.Wishing you good luck and success in your trading endeavors.