Technical analysis by SuzukiForex about Symbol PAXG: Buy recommendation (6/18/2024)

Dear traders! Overall, from the 1D chart gold is oscillating in a range from 2295 to 2380. Clearly indicated by the upper and lower Bollinger Bands narrowing, showing the market is less volatile and moving within a range certain. In this case, Suzuki is personally eyeing immediate support at $2295, a break below which would result in a significant price decline, while a hold would result in a significant price increase. It is expected that the price will recover after the correction and target 2380 USD at least.Trade activeTrade activeComment: Gold price picks up fresh bids, despite a risk-on market sentiment. The US Dollar attempts a bounce even as the US Treasury bond yields turn south again. The path of least resistance appears down for Gold price amid a Bear Cross and a bearish RSI.