Technical analysis by Quantili about Symbol PAXG: Buy recommendation (8/6/2024)

🚨 Gold Trading Alert 🚨Gold is in a unique spot right now! 💰 After the massive drop in the US dollar, Gold is flirting with the $2400 level, building just slightly below it. Usually, Gold competes with the US dollar and has a negative correlation with it.Traders are expecting the Fed to drop interest rates by 2 basis points in September, which is a bullish signal 📈. Add the escalating tensions in the Middle East, and you’ve got a strong buy signal.This trade location is unique with low risk and the potential for extended rewards. Price targets are up to $2500 and above. 🚀Are you in? 🤔 #Gold #Trading #Investing #MarketAlertthe idea is closed at 2470