Technical analysis by Esmeralda_Gold about Symbol PAXG: Buy recommendation (9/6/2024)

Hello everyone, let's explore today's gold price movements together!Today, I'll focus on the 2-hour chart as we near the end of the trading session. Currently, gold is hovering around 2515 USD, with a strong rise of 150 pips since the close of yesterday’s session.The precious metal is being supported by the fact that the 10-year U.S. Treasury yield remains in the red, under 3.8%, following mixed data from the U.S., which has bolstered XAU/USD.In the short term, and particularly on the 2-hour chart, I see gold forming a cup and handle pattern, moving towards the strong resistance at 2524 USD. If it manages to break through this level and complete the cup pattern, we could see even higher prices.My target is 2550 USD. What do you think about gold's trend?