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

From a technical perspective, the price of gold has shown a clear upward trend in the past period of time. At present, the price of gold has broken through multiple important technical resistance levels, and the upward trend is relatively strong. At the same time, the trading volume is constantly increasing, indicating a high level of market participation. In addition, technical indicators such as the Relative Strength Index (RSI) of gold also indicate that gold is in a strong state and is expected to continue rising.ok