Technical analysis by forex_info about Symbol PAXG: Buy recommendation (7/1/2024)

Gold price is showing bullish potential on the 1-hour timeframe due to the formation of an inverse head and shoulders pattern. This technical pattern typically signals a trend reversal from bearish to bullish. If the price breaks above the neckline with strong volume, it could confirm the bullish move. Traders should watch for confirmation and consider key resistance levels.