Technical analysis by robinhoood about Symbol PAXG: Sell recommendation (12/2/2023)

The current gold price sits at 2075. Opt for a short trade as soon as the daily market environment turns bearish, aiming for a target of 1998. This shift may be influenced by a decrease in global conflict and geopolitical tensions. If such a trend materializes, it could lead to a decrease in gold prices. Therefore, seize the opportunity to initiate a short position, anticipating a decline towards the 1998 mark. This strategic move is contingent upon a more peaceful global landscape, where the factors contributing to gold's value align with a downward trajectory, making 1998 a feasible target