Technical analysis by FOREX-FLOWS-GROWL about Symbol PAXG: Sell recommendation (11/24/2023)

Gold prices increased slightly thanks to the weak USD World gold prices were almost flat in this morning's trading session after increasing slightly the previous day thanks to the weakening USD, but investors remained mostly out of the market because of the holiday. World gold prices increased slightly in the trading session on Thursday (November 23) thanks to the weakening of the USD, but investors mostly stayed out of the market because of the Thanksgiving holiday and uncertainty surrounding the interest rate roadmap. of the US Federal Reserve (Fed). Closing the session, spot gold price increased 0.1% to 1,991.79 USD/ounce, while gold price for December delivery stabilized at 1,993.3 USD. Absent any new influences, I still don't think gold has the momentum to stay above $2,000 for the rest of the year. The fundamentals remain supportive over the longer term – geopolitical issues, especially in the Middle East and the possibility of further banking crises in the US and elsewhere – but only if one or both These two factors escalate, otherwise we could see prices slide.