Technical analysis by aheievaleksandr88 about Symbol PAXG: Sell recommendation (12/5/2023)

Advancing my gold trade following a support zone retest.Persistent selling pressure propels this trade, grounded in a fusion of price action psychology and fundamental analysis.Yesterday, an attempt to establish a new all-time high ended in a fakeout, falling short of a candle close above $2071. Consequently, profit-taking ensued, allowing bears to seize control.My strategic focus centers on key levels, notably at $1988 and $1954. These levels hold paramount significance, and my target is set on navigating toward them.