Technical analysis by Betty-Bella about Symbol PAXG: Sell recommendation (12/19/2023)

The price of gold today is trading with a gentle trend, although it is slightly higher than Friday's closing price of $2,019 per ounce. The demand for the US dollar remains low as government bond yields decrease following the latest monetary policy decision by the Federal Reserve. As a result, the price of gold has seen a slight increase today as traders await a series of important economic data. Specifically, in the coming days, the United Kingdom and Canada will release their latest inflation data. The United States will announce the Personal Consumption Expenditures (PCE) index - a key measure of inflation for the Federal Reserve. During this time, the global price of gold could experience significant fluctuations. Betty's viewpoint is that the price of gold will continue to decrease after adjusting to the designated level