Technical analysis by Trade_Simple_FX about Symbol PAXG: Buy recommendation (7/15/2024)

XAUUSD H1 Here is a potential outlook for XAUUSD going forward, we have sold off since market opened, the opposite move I would have expected. However, we haven't really seen an influx of relevant trading volume yet, I would expect to see this during LON partially, but most likely the US open, both FX markets and subsequent US stock markets. $2400/oz is in the crosshairs for obvious reasons, we have traded from this price previously (with the exception of the PPI dump). Targets would be $2425/oz before potentially breaking higher. XAUUSD is undoubtedly up-trending. Lets see if this weekends headlines can add fuel to the fire.