Technical analysis by Trader_BrianFX about Symbol PAXG: Buy recommendation (6/20/2024)

Hey Folks, Let’s Talk Gold Today! So, today’s been pretty interesting for gold. We’ve seen a slight bounce back, with prices nudging up to $2337. Looking at the short-term chart, it seems this upward trend has some legs. The precious metal just hit a critical resistance level and got a boost after breaking through the trendline. What’s next? Well, after this adjustment phase, I’m betting on more upward movement. The plan here is to go long – buying gold is looking like the way to go if this trend keeps up. Let’s see how it plays out. What’s your take on this?