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

https://sahmeto.com/message/2583264
Integrity_GoldFX
Integrity_GoldFX
Rank: 3518
2.0
Buy،Technical،Integrity_GoldFX

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

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$2,512.35
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