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

The gold price today started the trading session with minimal changes and stable trading around the price range of 1939 - 1940 USD. Upon careful observation of the 4-hour chart, it appears that the precious metal is gradually forming a downtrend pattern, with an estimated price drop to the 1910 USD region, which coincides with the previously extended support level.