Technical analysis by mr_mat_sa about Symbol PAXG: Buy recommendation (8/30/2024)

Gold has been consolidating for the past few days and I'm led to believe it is waiting for a catalyst to actual breakout from the consolidation. As we are headed into a new month I do think we will need to see the performance of the US economy and other countries as well to get a clear confirmation on the next big move on Gold, the DXY was showing good retracement which i led to believe is from the PCE number and also Earnings from Nvidia. There's a lot to be said, this is a bit long now, so my area of interest is still 2460-2400 looking to go long if these areas hold up well then i'd definitely love to be long.