Technical analysis by JinDao_Tai about Symbol PAXG: Buy recommendation (8/14/2024)

Currently trading just under the 2475 price level, with the US CPI due to be released laterLook for possible downside on the DXY which could, due to its inverse relationship, drive gold higher.If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.