Technical analysis by isabelatrader93 about Symbol PAXG: Buy recommendation (7/31/2024)

Hi everybody. Let's discuss gold today World gold price increased sharply with spot gold price increased by 26.7 USD to US $ 2,411.4/ounce with an increase in price exceeding US $ 2400. The price of metal gold in the world reversed and gained more than 1% when investors were still optimistic that the US Federal Reserve (Fed) could offer clues about lowering interest rates in September. At the policy meeting taking place this week. It is expected that in the next few hours to increase the trend of continuing to target 2430 USD. Because the European economy is revealing a number of cracks and other countries will conduct interest rates in September. The US is also expected to rotate the policy, which has supported the gold market.Trade activeTrade activeComment: Gold price is still sideways around the 2410-2420 area