Technical analysis by NaranjCapital about Symbol PAXG: Buy recommendation (8/8/2024)

The hourly chart is showing the development of a double bottom pattern. - If the neckline at the 2404 level is breached, we could witness a surge in gold prices. The anticipated upside targets are as follows:- 1st target - 2418 level- 2nd target - 2453 level- 3rd target - 2475 levelFirst target hit in gold! Now, let's set your sights on the second target. Stay steady, traders!Hey Traders! Great news—the second target has been reached! Now, we’re gearing up for our third and final target. Let’s see how this unfolds!Attention Traders! The third and final target has been successfully achieved! This analysis has performed exceptionally well!