Technical analysis by Alligator-King about Symbol PAXG: Buy recommendation (8/12/2024)

If we continue to maintain the trend of buying above the middle track of the daily line, the big market will come. Because the important resistance level of 2450 has been broken, the next target is 2468, or even a record high.According to news reports, Iran is likely to directly attack Israel in the next few days in retaliation for the assassination of Hamas' political leader in Tehran. It may happen. In the bullish trend, we should follow the trend.Technically, gold is running above the moving average, which is a necessary condition for the outbreak of a unilateral market. The important resistance level has been broken, so we should follow the trend and buy more.