Technical analysis by ConanTradingFX about Symbol PAXG: Buy recommendation (10/12/2024)

With positive signals from the breakout of the downtrend channel and the support of the EMAs, gold (XAUUSD) is showing a great opportunity for investors. If the price continues to hold above the $2,636 zone and breaks out above the $2,665 level, we can expect a strong rally to $2,680 and beyond.Trading recommendation: Investors can consider buying orders when the price remains above the $2,636 support zone, with profit targets at $2,665 and $2,680.