Technical analysis by alibfx about Symbol PAXG: Buy recommendation (9/5/2024)

Gold is testing the crucial resistance at $2,500, which aligns with the upper trendline and 50-day EMA. A successful breakout above this level could trigger bullish momentum toward $2,513 and $2,527. However, failure to break above may lead to a pullback toward $2,482 or lower. Keep an eye on RSI as it approaches the 50 level, signaling potential strength.