Technical analysis by Gold_Gaiin about Symbol PAXG: Buy recommendation (7/25/2024)

On the Daily Chart Gold us trading at a very Dangerous price position for Bullish expectation.as the current price activity falls below most important support from the trending price channel Given it's current Position,Gold is still likely to continue to sell off more towards the 0.618% Fibonacci retracement level, which is also the nearest support level Meanwhile the relative strength index is pointing down but still quit far from the oversold point showing that the room for price reduction is still quit comfortable Gold can only have enough conditions to increase in price when it surpasses the area of 24;00-2390 USD which Is also considered the current pressure area SUPPORT 2360-50 RESISTANCE 2385-2390-2400