Technical analysis by Cha-Zee-ZESA about Symbol PAXG: Buy recommendation (9/15/2024)

With the MACD having just crossed above the signal line on GOLD daily chart, there is little chance of the week starting off with any strong selling direction. I am holding and entering Buy positions.I believe any meaningful retracement this week will be before Tuesday's Core Retail data and the market will look to position itself early in anticipation of major FED activity on Wednesday evening. Support this week >=$2,530Forecasted High of <$2,620Trend to be more sensitive to ascending channel's mean that the support level indicated above.I am very bullish this week.