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

After testing the 2475 support level and forming a double bottom, the bulls have regained control, pushing the price toward a potential test of the all-time high (ATH) for the sixth time. This resistance level has weakened, and a breakout appears likely, especially with the upcoming Non-Farm Payroll (NFP) report on Friday and a potential Fed rate cut later this month. Given these factors, I anticipate that gold could soon reach the 2600 level. Traders, what is your opinion about Gold this month?Idea fulfilled