Technical analysis by EasyTradingOnline about Symbol PAXG: Buy recommendation (5/13/2024)

https://www.cnbc.com/2024/05/12/israel-pushes-deeper-into-rafah-and-battles-a-regrouping-hamas-in-northern-gaza.htmlThe rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. On Friday, Gold edged higher as the market expect FED to cut rate sooner due to the weakening in the Labour Market. However, hawkish FED and stronger Dollar is still weight on GOLD PriceTechnical Analysis Price action last Friday brought Gold prices above SMA 20, and continued to stabilize on Monday morningOn 4H chart, Support at 2356 has been broken, creating resistance at this important Key Level.More to the downside, Fibonacci level of the lastest Upward Swing at 2343 (50% Retracement) and 2334 (61.8 % Retracement Level) also Key level for GoldTrading Plan Buy Limit 2334 Stoploss 2325 TP 2380