Technical analysis by Selena_Bella about Symbol PAXG: Sell recommendation (11/23/2023)

Gold update today 23 November: Gold plummeted Dear friends, Gold prices are losing momentum after pulling back from the $2006 level and are currently hovering around the $1994 mark. However, the precious metal is still maintaining stability at higher price levels. The optimistic sentiment of US consumers towards the US Treasury bond yields and the US dollar recovery has attracted some sellers to gold. The US Dollar Index (DXY) continues to rise from monthly lows and gains momentum after the release of US economic data. The index reached 104.20 before retracing below 104.00. This upward movement occurred as US bond yields increased, with the 10-year yield rising from 4.37% to 4.40%. Therefore, it would not be surprising if Selena expects gold to continue its decline to a lower level of $1975 or even $1970. The bullish trend will still be reinforced if the price remains above the mentioned levels. What are your thoughts on this? Do you agree with me?