Technical analysis by Selena_Bella about Symbol PAXG: Buy recommendation (11/21/2023)

XAUUSD: Price increases, USD selling pressure is maintained Dear friends, Gold rebounded overnight from the 1966-1965 USD range and gained strong positive momentum. The US Dollar (USD) continued its sharp decline, with the prospect of easing further supported by the continued decrease in US Treasury bond yields, which turned out to be the main factor driving the flow towards non-profitable gold. The positive risk tone tends to weaken demand for traditional safe-haven gold prices, but it does not hinder strong positive movements throughout the day. This indicates that the path of least resistance for XAU/USD is upward. However, the bullish camp may limit strong bets ahead of the FOMC meeting minutes, given the uncertainty about when the Fed will begin its monetary policy easing. Therefore, it would not be surprising if Selena expects a rise to $2000. The momentum could extend further towards retesting the multi-month high around the $2,009-$2,010 range touched in October. Do you agree with me? What is your opinion?