Technical analysis by SalemSignals about Symbol PAXG: Sell recommendation (2/16/2024)

We will not touch on the fundamental analysis as its impact was strong on the dollar this week as inflation was higher than expected, so the rest of the news did not have much impact on gold.As a technical analysis, the 1985 support area, which is located on the falling side of it, rebounded strongly following the Michigan news, and we expect it to continue rising on Monday to the 2025 area, as we are still in the process of falling, and the fear of raising interest will increase this decline to the $1977 areas.