Technical analysis by TradingForecast_Signals about Symbol PAXG: Buy recommendation (2/20/2024)

Hello everyone. To start off today's trading session, the price of gold is still within a downward trend, trading around $2016 at the time of writing, with no significant fluctuations compared to yesterday's trading session. Gold prices are benefiting from the decline of the US dollar and the escalating tensions in the Middle East. In the short term, the gold market may see an increase in prices as the Chinese market reopens and traders anticipate higher gold prices in the near future.