Technical analysis by MaestroTrading_FX about Symbol PAXG: Buy recommendation (10/2/2023)

Gold prices fell in the morning session on Monday (October 2) because of pressure from the strong USD, after ending last week at a 6-month low.The dollar has appreciated against rival currencies, making gold more attractive to buyers in other currencies. At the time of the survey, the USD Index, a measure of the greenback's strength, against the fiat currency, was up 0.05% to 1.05.912.Gold fell nearly 4% last week, its worst weekly loss since June 2021. At the same time, precious metals recorded their deepest monthly decline since February to the lowest level this year.In the second quarter, gold prices lost 3.3%.Although gold prices fell significantly last week, some analysts predict that prices are likely to fall deeper and the lowest magnitude of the year, just above $1,800 an ounce, is the next major target needed. monitor.XAUUSD SELL 1848 - 1850TP : 1838TP : 1828SL : 1860