Technical analysis by EasyTradingOnline about Symbol PAXG: Buy recommendation (5/6/2024)

Fundamental analysis Non-agricultural news surprised with 175 thousand jobs, nearly 50% lower than last month Technical Analysis Support breaking the support zone at 2290, creating a new bottom zone at 2268. The field configuration continues to choose Gold's correction. Technically, the 200 SMA has not yet been broken, creating conditions for buying to enter the market. Zone 2327 may be tested soon. A break of this resistance zone will facilitate an assessment of the 2350 zone. Conversely, if the buyers cannot overcome this key level, a sharp decline for Gold will occur. Trading plan Selling limit 2350 SL 2360 TP 2300