Technical analysis by Fxgoldtraders about Symbol PAXG: Buy recommendation (5/16/2024)

XAU/USD: Plan Day 5/16/2k24 💎GOLDEN INFORMATION 💎 The price of gold rose due to a weaker US Dollar.The Recent CPI report indicated Slower Inflation in The US, leading to expectations of ratees benefit gold investment.traders will monitor various economic indicators and speeches by Fed Officials,which could impact the US dollar and limit Gold's Potential gains 💲Personal Coment "Fxgoldtraders"💲 Yesterday's economic data such as CPI contributed to a stable increase in GOld,The long term H4 frame shows that Gold Continues increas returning to the old peak of 2430 is entirely possible . 💎Set Up Gold Price💎 BUY Gold Zone :- $2365-$2367 TP1 :-2375 TP :- 2390 TP :- Open SL :-2357 Sell GOLD Zone :- $2410-23412 TP :- $2400 TP :-2390 TP:- Open Good Luck Every One Dont forget to Follow Us .