Technical analysis by Pratheeshvennarathil about Symbol PAXG: Buy recommendation (6/9/2024)

Gold is now posting a fresh one-month low and gold bulls have endured a difficult day. Earlier today a Bloomberg report noted that China had stopped buying gold, sending the precious metal down $20/oz. in quick order. A confirmed break and open below the $2,315/oz. would bring $2,280/oz. back into play.