Technical analysis by JRobs88 about Symbol PAXG: Sell recommendation (11/18/2023)
https://sahmeto.com/message/579463

JRobs88
Rank: 17094
Analytical Power:
1.5

Treasury yields fell after US data last week suggested the CBs are done raising rates and the USA looks to be able to avoid a recession. That gave a nice boost for gold. Now treasury yields are starting to come back up on Saturday. 4.40 may have been the bottom for the 10yr yield signaling a bearish call for gold. We will have to wait and see how PA goes Monday. But I expect a drop to start the week. This could see a bear trend start going into the holidays as risk is still on in the markets.
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Signal Type: Sell
Time Frame:
4 hoursPrice at Publish Time:
$1,963.52